Insider Selling: The Buckle, Inc. (NYSE:BKE) CEO Sells 15,340 Shares of Stock

The Buckle, Inc. (NYSE:BKE) CEO Dennis H. Nelson sold 15,340 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $39.51, for a total transaction of $606,083.40. Following the transaction, the chief executive officer now owns 1,663,035 shares of the company’s stock, valued at approximately $65,706,512.85. The trade was a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Buckle Stock Performance

Shares of Buckle stock opened at $37.87 on Friday. The company has a market cap of $1.92 billion, a P/E ratio of 9.61 and a beta of 1.17. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The firm has a fifty day moving average of $46.23 and a two-hundred day moving average of $45.85.

Buckle Cuts Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were issued a $2.50 dividend. The ex-dividend date was Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio is presently 35.53%.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of analyst reports. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On Buckle

A number of large investors have recently made changes to their positions in BKE. Balyasny Asset Management L.P. increased its holdings in shares of Buckle by 515.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock valued at $14,987,000 after purchasing an additional 247,019 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Buckle by 180.6% in the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock valued at $14,466,000 after purchasing an additional 183,257 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Buckle by 442.8% in the 4th quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company’s stock valued at $9,677,000 after purchasing an additional 155,366 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares in the last quarter. Finally, Impala Asset Management LLC increased its holdings in shares of Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

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.