Buckle Inc (NYSE:BKE)’s share price traded down 5.8% on Wednesday . The company traded as low as $17.10 and last traded at $17.12. 648,340 shares changed hands during mid-day trading, an increase of 21% from the average session volume of 536,332 shares. The stock had previously closed at $18.18.

A number of equities analysts have weighed in on the company. ValuEngine upgraded Buckle from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Zacks Investment Research upgraded Buckle from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research note on Tuesday, March 19th. Finally, Deutsche Bank lowered Buckle from a “hold” rating to a “sell” rating and set a $16.00 target price on the stock. in a research note on Friday, March 8th.

The company has a market capitalization of $895.18 million, a price-to-earnings ratio of 8.69 and a beta of 0.47.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 15th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Buckle had a return on equity of 23.75% and a net margin of 10.80%. The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $267.55 million. During the same period in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts forecast that Buckle Inc will post 1.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, April 11th. Buckle’s payout ratio is currently 50.76%.

In other news, Director Robert Erle Campbell sold 2,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $19.00, for a total value of $38,000.00. Following the completion of the transaction, the director now directly owns 30,464 shares in the company, valued at approximately $578,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 41.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Buckle during the 4th quarter valued at about $11,332,000. Morgan Stanley boosted its holdings in Buckle by 155.5% during the 3rd quarter. Morgan Stanley now owns 396,689 shares of the company’s stock valued at $9,143,000 after acquiring an additional 241,448 shares during the period. Vanguard Group Inc. boosted its holdings in Buckle by 6.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,120,985 shares of the company’s stock valued at $71,939,000 after acquiring an additional 190,258 shares during the period. BlackRock Inc. boosted its holdings in Buckle by 2.9% during the 4th quarter. BlackRock Inc. now owns 4,123,876 shares of the company’s stock valued at $79,756,000 after acquiring an additional 114,450 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Buckle during the 1st quarter valued at about $1,450,000. Hedge funds and other institutional investors own 68.51% of the company’s stock.

WARNING: This report was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/buckle-bke-stock-price-down-5-8/3019102.html.

Buckle Company Profile (NYSE:BKE)

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Recommended Story: How are institutional investors different from individual investors?

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.