The Buckle, Inc. (NYSE:BKE) Declares $0.35 Quarterly Dividend

The Buckle, Inc. (NYSE:BKE) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.35 per share on Friday, October 25th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Friday, October 11th.

Buckle has raised its dividend payment by an average of 15.9% per year over the last three years. Buckle has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Performance

Shares of BKE opened at $41.50 on Thursday. The stock has a 50 day simple moving average of $42.16 and a 200 day simple moving average of $39.36. Buckle has a 52-week low of $32.16 and a 52-week high of $48.15. The firm has a market capitalization of $2.11 billion, a PE ratio of 9.79 and a beta of 1.13.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The company had revenue of $282.39 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BKE. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group reduced their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday, August 26th.

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 900 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $40.33, for a total value of $36,297.00. Following the completion of the transaction, the chief executive officer now owns 1,949,477 shares in the company, valued at $78,622,407.41. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Monday, October 7th. The shares were sold at an average price of $41.73, for a total transaction of $853,503.69. Following the completion of the transaction, the chief executive officer now directly owns 1,863,452 shares of the company’s stock, valued at $77,761,851.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dennis H. Nelson sold 900 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total transaction of $36,297.00. Following the completion of the transaction, the chief executive officer now owns 1,949,477 shares in the company, valued at approximately $78,622,407.41. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,252 shares of company stock valued at $5,887,072 over the last 90 days. 39.80% of the stock is owned by corporate insiders.

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.