The Buckle, Inc. (NYSE:BKE – Get Free Report) CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total transaction of $854,526.34. Following the completion of the transaction, the chief executive officer now owns 1,904,358 shares in the company, valued at $79,564,077.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Buckle Trading Up 4.8 %
Shares of NYSE BKE opened at $43.97 on Friday. The stock’s 50-day moving average is $40.85 and its 200 day moving average is $38.86. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The Buckle, Inc. has a 1-year low of $30.31 and a 1-year high of $48.15.
Buckle Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.
Institutional Investors Weigh In On Buckle
Analyst Upgrades and Downgrades
A number of research firms have commented on BKE. UBS Group cut their price target on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.
Check Out Our Latest Analysis on BKE
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.
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