Buckle’s (NYSE:BKE) same store sales decreased by 3.6% during the month of December. Buckle’s shares dropped by 8.2% in the first full-day of trading following the news.

A number of analysts have commented on the stock. ValuEngine raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, November 1st.

In other news, VP Kyle Hanson sold 4,100 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the sale, the vice president now directly owns 24,900 shares of the company’s stock, valued at $397,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the completion of the sale, the director now directly owns 31,964 shares of the company’s stock, valued at $671,244. The disclosure for this sale can be found here. Insiders sold 7,600 shares of company stock valued at $138,925 over the last three months. 41.70% of the stock is owned by insiders.

Shares of Buckle (BKE) opened at $23.75 on Monday. The stock has a market cap of $1,159.98, a P/E ratio of 13.73 and a beta of 1.09. Buckle has a 52-week low of $13.50 and a 52-week high of $25.00.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. sell-side analysts anticipate that Buckle will post 1.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Thursday, January 11th. Buckle’s payout ratio is presently 57.80%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its position in Buckle by 4.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after acquiring an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Buckle by 14.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock valued at $142,000 after acquiring an additional 995 shares in the last quarter. Pacad Investment Ltd. raised its position in Buckle by 750.0% during the second quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock valued at $151,000 after acquiring an additional 7,500 shares in the last quarter. WealthPLAN Partners LLC raised its position in Buckle by 6,281.0% during the second quarter. WealthPLAN Partners LLC now owns 12,762 shares of the company’s stock valued at $227,000 after acquiring an additional 12,562 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in Buckle by 17.8% during the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after acquiring an additional 2,102 shares in the last quarter. 59.65% of the stock is currently owned by hedge funds and other institutional investors.

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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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