Buckle Inc (BKE) VP Sells $25,008.00 in Stock

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

Buckle Inc (NYSE BKE) traded up $0.50 during mid-day trading on Friday, hitting $20.75. The stock had a trading volume of 545,475 shares, compared to its average volume of 785,715. The stock has a market cap of $1,020.00, a P/E ratio of 11.99 and a beta of 1.09. Buckle Inc has a 52-week low of $13.50 and a 52-week high of $25.11.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. Buckle’s dividend payout ratio (DPR) is currently 57.80%.

A number of research firms have recently issued reports on BKE. 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 target on the stock in a research note on Wednesday, November 1st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted 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 purchasing an additional 995 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Buckle by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock valued at $179,000 after purchasing an additional 3,980 shares in the last quarter. WealthPLAN Partners LLC lifted 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 purchasing an additional 12,562 shares in the last quarter. Voya Investment Management LLC lifted 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 purchasing an additional 2,102 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Buckle during the third quarter valued at $265,000. Institutional investors own 59.64% of the company’s stock.

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About Buckle

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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