Buckle (NYSE:BKE) SVP Michelle Hoffman Sells 719 Shares of Stock

Buckle, Inc. (The) (NYSE:BKE) SVP Michelle Hoffman sold 719 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $50.00, for a total value of $35,950.00. Following the completion of the transaction, the senior vice president owned 75,163 shares of the company’s stock, valued at $3,758,150. This represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 20th, Michelle Hoffman sold 29,281 shares of Buckle stock. The shares were sold at an average price of $49.12, for a total value of $1,438,282.72.

Buckle Stock Performance

NYSE BKE opened at $50.02 on Tuesday. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.69. The stock has a 50-day moving average of $51.66 and a 200 day moving average of $54.78. 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 posted its earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.08. The business had revenue of $399.14 million for the quarter, compared to analysts’ expectations of $396.45 million. Buckle had a net margin of 16.16% and a return on equity of 45.18%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 EPS.

Hedge Funds Weigh In On Buckle

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its position in Buckle by 81.6% during the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after buying an additional 208 shares during the period. Geneos Wealth Management Inc. raised its position in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after acquiring an additional 617 shares during the period. Miller Capital Partners Inc. bought a new position in Buckle in the fourth quarter worth approximately $37,000. Allworth Financial LP boosted its stake in shares of Buckle by 1,652.3% during the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after acquiring an additional 727 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

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

Buckle Company Profile

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.