Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells $835,709.58 in Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the sale, the chief executive officer now directly owns 1,678,375 shares of the company’s stock, valued at approximately $68,578,402.50. This trade represents a 1.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Buckle Price Performance

BKE opened at $40.04 on Friday. The business has a 50 day simple moving average of $47.00 and a two-hundred day simple moving average of $45.94. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 10.16 and a beta of 1.14. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25.

Buckle Cuts Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle’s payout ratio is 35.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BKE. Creative Planning grew its holdings in shares of Buckle by 64.1% during the 3rd quarter. Creative Planning now owns 27,528 shares of the company’s stock worth $1,210,000 after acquiring an additional 10,751 shares during the period. Blue Trust Inc. grew its holdings in shares of Buckle by 52.0% during the 3rd 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. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Buckle by 13.4% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,034 shares of the company’s stock worth $794,000 after acquiring an additional 2,133 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Buckle by 6.0% during the 3rd quarter. QRG Capital Management Inc. now owns 19,664 shares of the company’s stock worth $865,000 after acquiring an additional 1,106 shares during the period. Finally, Meritage Portfolio Management grew its holdings in shares of Buckle by 10.4% during the 3rd quarter. Meritage Portfolio Management now owns 23,944 shares of the company’s stock worth $1,053,000 after acquiring an additional 2,251 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BKE shares. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

About Buckle

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.