Buckle (NYSE:BKE) SVP Michelle Hoffman Sells 29,281 Shares of Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 29,281 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the sale, the senior vice president owned 45,882 shares in the company, valued at $2,253,723.84. This trade represents a 38.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, March 19th, Michelle Hoffman sold 719 shares of Buckle stock. The shares were sold at an average price of $50.00, for a total transaction of $35,950.00.

Buckle Stock Up 1.7%

Shares of BKE stock opened at $50.02 on Tuesday. The firm has a fifty day moving average of $51.66 and a 200-day moving average of $54.78. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 12.08 and a beta of 1.17.

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

Institutional Trading of Buckle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after acquiring an additional 208 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares during the last quarter. Miller Capital Partners Inc. acquired a new position in shares of Buckle during the 4th quarter worth about $37,000. Allworth Financial LP raised its holdings in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after purchasing an additional 727 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares during the period. 53.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group cut their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, March 16th. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Buckle presently has an average rating of “Moderate Buy” and a consensus target price 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.