The Buckle, Inc. (NYSE:BKE - Get Free Report) Director John P. Peetz sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the sale, the director now directly owns 22,123 shares of the company's stock, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of BKE stock traded up $0.05 during trading hours on Friday, reaching $51.51. The company had a trading volume of 69,561 shares, compared to its average volume of 403,840. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25. The business has a fifty day simple moving average of $46.71 and a 200-day simple moving average of $42.28. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 13.06 and a beta of 1.14.
Buckle (NYSE:BKE - Get Free Report) last posted its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $293.60 million during the quarter, compared to the consensus estimate of $293.60 million. During the same quarter in the prior year, the business earned $1.04 EPS. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year.
The business also recently announced a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle's dividend payout ratio is presently 35.53%.
BKE has been the subject of a number of research reports. StockNews.com raised Buckle from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and raised their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.
Get Our Latest Analysis on BKE
Large investors have recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company's stock worth $35,000 after acquiring an additional 270 shares during the period. Quarry LP lifted its holdings in Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after acquiring an additional 355 shares during the period. Quest Partners LLC bought a new stake in Buckle during the third quarter worth $86,000. CWM LLC lifted its holdings in Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company's stock worth $74,000 after acquiring an additional 1,096 shares during the period. Finally, Signaturefd LLC lifted its holdings in Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company's stock worth $98,000 after acquiring an additional 624 shares during the period. Institutional investors own 53.93% of the company's stock.
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.
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