Buckle director John Peetz sells $129,243 in inventory

John P. Peetz, a director at Buckle Inc. (NYSE:BKE), just lately bought 2,500 shares of the corporate’s widespread inventory, in response to a submitting with the Securities and Alternate Fee. The corporate, which InvestingPro evaluation reveals has maintained dividend funds for 22 consecutive years, at the moment presents a sexy 7.6% dividend yield. The shares have been bought at a mean worth of $51.6975 every, totaling roughly $129,243. Following this transaction, Peetz retains possession of twenty-two,123 shares within the firm. Buckle Inc., identified for its household outfitters, is headquartered in Kearney, Nebraska. The inventory has proven outstanding energy with a forty five% acquire over the previous six months, buying and selling at 13 occasions earnings. In keeping with InvestingPro‘s Truthful Worth mannequin, the inventory is at the moment pretty valued, with further insights out there within the complete Professional Analysis Report protecting this retailer amongst 1,400+ US shares.

In different current information, Buckle has reported a decline in its Q3 2024 internet earnings and gross sales. The corporate’s internet earnings fell to $44.2 million, or $0.88 per share, from $51.8 million, or $1.04 per share, in the identical interval final 12 months. Web gross sales additionally decreased, dropping by 3.2% to $293.6 million. Regardless of a rise in on-line gross sales and ladies’s denim, the general decline was attributed to decreased gross sales in males’s merchandise and footwear.

Buckle plans to open another new retailer and full seven remodels by the tip of the 12 months. For 2025, the corporate anticipates opening 7-8 new shops with a internet addition of 2-3 shops. Analysts famous a major decline of 17% in footwear gross sales, whereas non-public label penetration elevated to 48.5% of gross sales and equipment gross sales grew by 3%.

These current developments spotlight a difficult interval for Buckle, with a mixture of constructive developments in ladies’s merchandise and digital channels, and detrimental tendencies in males’s gross sales and elevated prices. The corporate stays centered on growth and digital investments, aiming to place itself for future progress.

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