Buckle, Inc. (The) Target of Unusually High Options Trading (BKE)

Buckle, Inc. (The) (NYSE:BKE) saw some unusual options trading on Friday. Investors acquired 920 call options on the stock. This represents an increase of Infinity compared to the typical volume of 0 call options.

Several equities analysts recently commented on BKE shares. ValuEngine upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. BidaskClub cut Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG restated a “sell” rating and set a $15.00 target price on shares of Buckle, Inc. (The) in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Wednesday, November 1st.

Buckle, Inc. (NYSE BKE) opened at $21.05 on Wednesday. Buckle, Inc. has a 52-week low of $13.50 and a 52-week high of $27.10. The company has a market capitalization of $1,030.00, a PE ratio of 11.99 and a beta of 0.94.

Buckle, Inc. (The) (NYSE:BKE) last posted its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Buckle, Inc. (The) had a return on equity of 19.13% and a net margin of 9.17%. The firm had revenue of $224.30 million during the quarter, compared to analysts’ expectations of $224.12 million. During the same period in the prior year, the business earned $0.49 EPS. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. analysts forecast that Buckle, Inc. will post 1.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend was Thursday, October 12th. Buckle, Inc. (The)’s payout ratio is currently 57.80%.

In related news, VP Kyle Hanson sold 4,100 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the transaction, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Erle Campbell sold 2,000 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total value of $42,000.00. Following the transaction, the director now owns 31,964 shares of the company’s stock, valued at $671,244. The disclosure for this sale can be found here. 41.70% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Buckle, Inc. (The) by 0.5% in the 2nd quarter. FMR LLC now owns 7,326,750 shares of the company’s stock valued at $130,416,000 after acquiring an additional 33,335 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Buckle, Inc. (The) by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 2,762,893 shares of the company’s stock valued at $51,390,000 after acquiring an additional 228,149 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Buckle, Inc. (The) by 5,476.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock valued at $22,603,000 after acquiring an additional 1,317,382 shares during the last quarter. State Street Corp lifted its stake in shares of Buckle, Inc. (The) by 28.5% in the 1st quarter. State Street Corp now owns 1,046,933 shares of the company’s stock valued at $19,468,000 after acquiring an additional 232,335 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Buckle, Inc. (The) by 3.5% in the 3rd quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock valued at $16,155,000 after acquiring an additional 32,030 shares during the last quarter. Hedge funds and other institutional investors own 60.01% of the company’s stock.

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About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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