Michelle Hoffman Sells 719 Shares of Buckle (NYSE:BKE) Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 719 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $50.00, for a total transaction of $35,950.00. Following the completion of the transaction, the senior vice president owned 75,163 shares in the company, valued at $3,758,150. This represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Michelle Hoffman also recently made the following trade(s):

• On Friday, March 20th, Michelle Hoffman sold 29,281 shares of Buckle stock. The shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72.

Buckle Stock Up 0.2%

Shares of BKE opened at $50.10 on Wednesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 12.10 and a beta of 1.17. The firm has a fifty day simple moving average of $51.56 and a two-hundred day simple moving average of $54.72. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Buckle had a net margin of 16.16% and a return on equity of 45.18%. The business had revenue of $399.14 million for the quarter, compared to analyst estimates of $396.45 million. During the same quarter last year, the firm earned $1.53 EPS. The company’s revenue was up 5.2% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Buckle’s dividend payout ratio (DPR) is presently 33.82%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BKE. Hantz Financial Services Inc. lifted its stake in shares of Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. Miller Capital Partners Inc. purchased a new stake in shares of Buckle in the 4th quarter worth about $37,000. Allworth Financial LP increased its stake in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after acquiring an additional 727 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on BKE. UBS Group lowered their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.