Diane L. Applegate Sells 1,200 Shares of Buckle Inc (BKE) Stock

Buckle Inc (NYSE:BKE) VP Diane L. Applegate sold 1,200 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the sale, the vice president now owns 20,500 shares in the company, valued at $427,220. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Buckle Inc (NYSE:BKE) traded up $0.50 during trading hours on Friday, hitting $20.75. The company had a trading volume of 545,475 shares, compared to its average volume of 582,249. Buckle Inc has a 12 month low of $13.50 and a 12 month high of $25.11. The company has a market cap of $1,013.45, a price-to-earnings ratio of 11.99 and a beta of 1.09.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The company had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. During the same period in the previous year, the company posted $0.49 EPS. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. equities analysts forecast that Buckle Inc will post 1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. Buckle’s payout ratio is 57.80%.

A number of institutional investors have recently bought and sold shares of BKE. Victory Capital Management Inc. grew its position in Buckle by 5,476.3% during the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock worth $22,603,000 after buying an additional 1,317,382 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock worth $7,813,000 after buying an additional 131,594 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Buckle during the third quarter worth about $1,007,000. Sprott Inc. grew its position in Buckle by 21.4% during the third quarter. Sprott Inc. now owns 255,000 shares of the company’s stock worth $4,297,000 after buying an additional 45,000 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Buckle by 28.7% during the second quarter. Parametric Portfolio Associates LLC now owns 168,314 shares of the company’s stock worth $2,996,000 after buying an additional 37,566 shares in the last quarter. Institutional investors and hedge funds own 59.64% of the company’s stock.

A number of analysts recently issued reports on the company. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, November 1st.

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Buckle Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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