Dennis H. Nelson Sells 20,453 Shares of The Buckle, Inc. (NYSE:BKE) Stock

The Buckle, Inc. (NYSE:BKE) 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

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Buckle in the 4th quarter worth $9,828,000. First Trust Advisors LP grew its stake in shares of Buckle by 30.3% during the fourth quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock valued at $36,504,000 after buying an additional 178,794 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after buying an additional 90,190 shares during the period. American Century Companies Inc. lifted its stake in shares of Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after acquiring an additional 87,690 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Buckle during the 1st quarter valued at about $3,073,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

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.

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.