Buckle (NYSE:BKE) Director Sells $111,100.00 in Stock

Buckle, Inc. (The) (NYSE:BKE) Director Bill Fairfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the sale, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Buckle Price Performance

Shares of Buckle stock traded down $0.05 during trading on Wednesday, reaching $44.31. 424,375 shares of the company traded hands, compared to its average volume of 471,357. Buckle, Inc. has a 1-year low of $42.39 and a 1-year high of $61.69. The company has a 50 day moving average price of $50.88 and a 200-day moving average price of $52.40. The firm has a market capitalization of $2.28 billion, a PE ratio of 10.16 and a beta of 1.08.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company had revenue of $288.74 million for the quarter, compared to the consensus estimate of $287.68 million. During the same quarter in the previous year, the company earned $0.70 EPS. Buckle’s quarterly revenue was up 6.1% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, July 15th. Buckle’s payout ratio is presently 32.11%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKE. Amundi raised its position in Buckle by 676.9% in the 4th quarter. Amundi now owns 421,200 shares of the company’s stock valued at $22,501,000 after buying an additional 366,986 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Buckle by 44.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock worth $55,746,000 after acquiring an additional 323,361 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Buckle by 1,066.8% in the 1st quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock worth $14,987,000 after acquiring an additional 272,088 shares in the last quarter. Morgan Stanley raised its holdings in shares of Buckle by 26.8% in the fourth quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock valued at $66,475,000 after purchasing an additional 263,338 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Buckle by 3,695.1% during the third quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock valued at $14,226,000 after purchasing an additional 236,120 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. UBS Group dropped their target price on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Finally, Weiss Ratings downgraded shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle has a consensus rating of “Hold” and a consensus price target of $47.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.