Buckle Sees Unusually High Options Volume (BKE)
Buckle Inc (NYSE:BKE) was the recipient of some unusual options trading on Wednesday. Investors purchased 1,520 put options on the company. This is an increase of 1,078% compared to the average volume of 129 put options.
Shares of NYSE:BKE opened at $22.80 on Friday. Buckle has a 12-month low of $15.10 and a 12-month high of $29.65. The stock has a market cap of $1.11 billion, a PE ratio of 12.38 and a beta of 0.64.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 24th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Buckle had a return on equity of 23.39% and a net margin of 10.53%. The firm had revenue of $201.10 million for the quarter, compared to analysts’ expectations of $201.82 million. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. sell-side analysts anticipate that Buckle will post 1.89 EPS for the current fiscal year.
In other news, VP Diane L. Applegate sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $22.50, for a total transaction of $90,000.00. Following the transaction, the vice president now directly owns 27,500 shares of the company’s stock, valued at $618,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael E. Huss sold 1,688 shares of the firm’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $22.63, for a total value of $38,199.44. Following the transaction, the director now directly owns 17,062 shares in the company, valued at $386,113.06. The disclosure for this sale can be found here. 41.80% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BKE. Schwab Charles Investment Management Inc. grew its stake in shares of Buckle by 6.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 518,761 shares of the company’s stock worth $11,491,000 after purchasing an additional 32,855 shares during the last quarter. BlackRock Inc. grew its stake in shares of Buckle by 1.0% in the first quarter. BlackRock Inc. now owns 3,640,037 shares of the company’s stock worth $80,628,000 after purchasing an additional 36,599 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of Buckle by 43.1% in the first quarter. Federated Investors Inc. PA now owns 201,968 shares of the company’s stock worth $4,474,000 after purchasing an additional 60,822 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Buckle by 74.0% in the first quarter. New York State Common Retirement Fund now owns 57,597 shares of the company’s stock worth $1,276,000 after purchasing an additional 24,497 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Buckle by 6.3% in the first quarter. Great West Life Assurance Co. Can now owns 37,867 shares of the company’s stock worth $839,000 after purchasing an additional 2,237 shares during the last quarter. 69.96% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the company. Zacks Investment Research cut Buckle from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine cut Buckle from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 1st.
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, Outpost Makers, Departwest, and Veece.
Further Reading: Intrinsic Value
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