Dennis H. Nelson, President and CEO of Buckle Inc. (NYSE:BKE), has sold 20,453 shares of the company's common stock. The shares were sold at an average price of $42.9969 each, amounting to a total transaction value of approximately $879,415. This sale was conducted as part of a pre-established 10b5-1 trading plan adopted by Nelson on April 24, 2024. Following this transaction, Nelson holds 1,842,999 shares indirectly through a trust. The sale was reported in a recent SEC filing.
In other recent news, The Buckle, Inc. has reported a series of mixed financial results. The specialty retailer disclosed a decrease in comparable store net sales for the month ending October 5, 2024, noting a 4.3 percent drop in sales compared to the same period last year. In the fiscal month ending on October 5, 2024, The Buckle's net sales fell to $100.6 million, a 2.5 percent decrease from $103.1 million during the corresponding month in 2023.
These recent developments come despite robust second-quarter earnings and revenue that surpassed analyst projections. The company's adjusted earnings per share were reported at $0.78, beating the analyst consensus of $0.76, and revenue reached $282.4 million, exceeding expectations of $272.41 million. However, the company observed a decrease in sales by 3.4% compared to the same quarter last year, with comparable store sales and online sales also experiencing a drop.
The Buckle has also announced a quarterly dividend of $0.35 per share, scheduled for disbursement in October. These financial results and future performance are subject to risks and uncertainties, some of which are beyond the company's control. As always, these figures are part of the company's regular financial reporting and provide insight into recent developments.
InvestingPro Insights
While Dennis H. Nelson's recent stock sale might raise eyebrows, a closer look at Buckle Inc.'s (NYSE:BKE) financials reveals a company with strong fundamentals. According to InvestingPro data, Buckle boasts an impressive gross profit margin of 58.98% for the last twelve months as of Q2 2025, highlighting the company's efficiency in managing costs and pricing power in the retail sector.
One of the most striking aspects of Buckle's financial profile is its dividend yield, which currently stands at 9.08%. This aligns with an InvestingPro Tip noting that the company "pays a significant dividend to shareholders." Moreover, Buckle has maintained dividend payments for 22 consecutive years, demonstrating a commitment to returning value to investors even as the retail landscape evolves.
Despite a slight revenue decline of 6.01% in the last twelve months, Buckle maintains a healthy P/E ratio of 10.26, suggesting the stock may be undervalued relative to its earnings potential. This valuation metric, coupled with the company's strong dividend policy, could explain why Buckle has delivered a robust 36.45% total return over the past year.
For investors seeking more comprehensive analysis, InvestingPro offers 8 additional tips on Buckle Inc., providing deeper insights into the company's financial health and market position.
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