John P. Peetz, a director at Buckle Inc. (NYSE:BKE), recently sold 2,500 shares of the company's common stock, according to a filing with the Securities and Exchange Commission. The company, which InvestingPro analysis shows has maintained dividend payments for 22 consecutive years, currently offers an attractive 7.6% dividend yield. The shares were sold at an average price of $51.6975 each, totaling approximately $129,243. Following this transaction, Peetz retains ownership of 22,123 shares in the company. Buckle Inc., known for its family clothing stores, is headquartered in Kearney, Nebraska. The stock has shown remarkable strength with a 45% gain over the past six months, trading at 13 times earnings. According to InvestingPro's Fair Value model, the stock is currently fairly valued, with additional insights available in the comprehensive Pro Research Report covering this retailer among 1,400+ US stocks.
In other recent news, Buckle has reported a decline in its Q3 2024 net income and sales. The company's net income fell to $44.2 million, or $0.88 per share, from $51.8 million, or $1.04 per share, in the same period last year. Net sales also decreased, dropping by 3.2% to $293.6 million. Despite an increase in online sales and women's denim, the overall decline was attributed to decreased sales in men's merchandise and footwear.
Buckle plans to open one more new store and complete seven remodels by the end of the year. For 2025, the company anticipates opening 7-8 new stores with a net addition of 2-3 stores. Analysts noted a significant decline of 17% in footwear sales, while private label penetration increased to 48.5% of sales and accessories sales grew by 3%.
These recent developments highlight a challenging period for Buckle, with a mix of positive developments in women's merchandise and digital channels, and negative trends in men's sales and increased costs. The company remains focused on expansion and digital investments, aiming to position itself for future growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.