BUCKLE INC
BKE · Retail-Family Clothing Stores · 51.5M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: -$4M (gross $372K, SBC $5M)
Reference price $44.44 · est. market cap ~$2.3B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A82Mall-apparel retailer with sector-leading margins, returns, and cash generation.
Strengths
- Sector-leading profitability — gross margin 49.0% (100th), operating margin 20.1% (100th), net margin 16.2% (100th)
- Elite returns and FCF — ROA 21.2% (100th), FCF margin 15.9% (100th)
- Strong liquidity — current ratio 1.89 (100th)
Risks
- Mall-traffic and fashion-cycle dependence (47% private label) per risk factors — qualitative (per 10-K)
- Limited unit-growth runway — qualitative (per 10-K)
- Discretionary-spending sensitivity — qualitative (per 10-K)
Notable findings
- Customer concentration~47% of revenue from one customer/distributor — Sales from private label merchandise accounted for approximately 47% of net sales in both fiscal 2025 and fiscal 2024
- Exec changeRecent 8-K item 5.02 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Insider sellingInsider selling — 7 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$7M, last 6mo) Form 4 ↗
- Notable holderHeld by 5 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Revenue declineRevenue -10.0% YoY
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
49.0%
Operating margin
20.1%
Net margin
16.2%
Return on equity
49.4%
Return on assets
21.2%
Revenue growth (QoQ)
-10.0%
Net-income growth
7.3%
Current ratio
1.9×
Free cash flow
$206M
Tangible book value
$425M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | FAIRFIELD BILL L | Sell | 2.5K | $44.44 |
| 2026-06-05 | MILKIE BRETT P | Gift | 12K | — |
| 2026-04-20 | SMITH KARI G | Gift | 5.0K | — |
| 2026-04-13 | HOFFMAN MICHELLE | Gift | 10K | — |
| 2026-04-10 | SMITH KARI G | Sell | 30K | $54.57 |
| 2026-04-10 | HOFFMAN MICHELLE | Sell | 16K | $54.80 |
| 2026-03-20 | HOFFMAN MICHELLE | Sell | 29K | $49.12 |
| 2026-03-19 | HOFFMAN MICHELLE | Sell | 719 | $50.00 |
| 2026-03-17 | SMITH KARI G | Sell | 49K | $50.39 |
| 2026-03-16 | SMITH KARI G | Gift | 40K | — |
| 2026-03-16 | SMITH KARI G | Sell | 1.1K | $49.81 |
| 2026-03-16 | FAIRFIELD BILL L | Gift | 400 | — |
| 2026-02-01 | FAIRFIELD BILL L | Grant | 3.0K | — |
| 2026-02-01 | HEACOCK THOMAS B | Grant | 18K | — |
| 2026-02-01 | JOSHI SHRUTI S | Grant | 3.0K | — |
| 2026-02-01 | KLEIN ANGIE J | Grant | 3.0K | — |
| 2026-02-01 | FRITZ JENSCHKE BRADY M | Grant | 13K | — |
| 2026-02-01 | BOUNDS HANK M | Grant | 3.0K | — |
| 2026-02-01 | HUSS MICHAEL E | Grant | 3.0K | — |
| 2026-02-01 | Peetz John P | Grant | 3.0K | — |
| 2026-02-01 | MILKIE BRETT P | Grant | 18K | — |
| 2026-02-01 | NELSON DENNIS H | Grant | 120K | — |
| 2026-02-01 | HOBERMAN BRUCE | Grant | 3.0K | — |
| 2026-02-01 | SHADA JAMES E | Grant | 3.0K | — |
| 2026-02-01 | RHOADS KAREN B | Grant | 3.0K | — |
| 2025-12-05 | RHOADS KAREN B | Gift | 1.0K | — |
| 2025-11-24 | NELSON DENNIS H | Gift | 1.5K | — |
| 2025-10-16 | HUSS MICHAEL E | Gift | 1.0K | — |
| 2025-09-05 | SMITH KARI G | Sell | 20K | $59.36 |
| 2025-09-05 | SHADA JAMES E | Sell | 20K | $59.49 |
| 2025-09-05 | MILKIE BRETT P | Sell | 6.0K | $60.17 |
| 2025-08-26 | Peetz John P | Sell | 1.5K | $55.74 |
| 2025-08-25 | HOFFMAN MICHELLE | Sell | 20K | $56.22 |
| 2025-08-25 | RHOADS KAREN B | Sell | 20K | $55.82 |
| 2025-08-25 | RHOADS KAREN B | Gift | 2.0K | — |
| 2025-08-25 | HOFFMAN MICHELLE | Sell | 19K | $55.86 |
| 2025-07-23 | SHADA JAMES E | Sell | 10K | $49.98 |
| 2025-07-22 | SHADA JAMES E | Sell | 10K | $49.84 |
| 2025-06-11 | NELSON DENNIS H | Sell | 20K | $43.52 |
| 2025-05-15 | NELSON DENNIS H | Sell | 31K | $40.57 |
| 2025-05-14 | NELSON DENNIS H | Sell | 44K | $39.72 |
| 2025-04-23 | NELSON DENNIS H | Sell | 2.1K | $36.36 |
| 2025-04-15 | FAIRFIELD BILL L | Gift | 400 | — |
| 2025-04-09 | NELSON DENNIS H | Sell | 13K | $36.56 |
| 2025-04-08 | NELSON DENNIS H | Sell | 2.3K | $36.31 |
| 2025-03-17 | NELSON DENNIS H | Sell | 15K | $36.32 |
| 2025-03-03 | NELSON DENNIS H | Sell | 15K | $39.51 |
| 2025-02-25 | NELSON DENNIS H | Sell | 20K | $40.86 |
| 2025-02-11 | NELSON DENNIS H | Sell | 20K | $43.42 |
| 2025-02-02 | SMITH KARI G | Grant | 20K | — |
| 2025-02-02 | NELSON DENNIS H | Grant | 120K | — |
| 2025-02-02 | RHOADS KAREN B | Grant | 3.0K | — |
| 2025-02-02 | JOSHI SHRUTI S | Grant | 3.0K | — |
| 2025-02-02 | KLEIN ANGIE J | Grant | 3.0K | — |
| 2025-02-02 | BOUNDS HANK M | Grant | 3.0K | — |
| 2025-02-02 | SHADA JAMES E | Grant | 3.0K | — |
| 2025-02-02 | HUSS MICHAEL E | Grant | 3.0K | — |
| 2025-02-02 | Peetz John P | Grant | 3.0K | — |
| 2025-02-02 | HOBERMAN BRUCE | Grant | 3.0K | — |
| 2025-02-02 | FAIRFIELD BILL L | Grant | 3.0K | — |
| 2025-02-02 | FRITZ JENSCHKE BRADY M | Grant | 13K | — |
| 2025-02-02 | HOFFMAN MICHELLE | Grant | 14K | — |
| 2025-02-02 | HEACOCK THOMAS B | Grant | 18K | — |
| 2025-02-02 | MILKIE BRETT P | Grant | 18K | — |
| 2025-01-22 | NELSON DENNIS H | Sell | 20K | $48.07 |
| 2025-01-21 | NELSON DENNIS H | Sell | 130 | $48.51 |
| 2025-01-17 | NELSON DENNIS H | Sell | 100 | $48.03 |
| 2025-01-06 | NELSON DENNIS H | Sell | 20K | $51.57 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-02 | Shareholder voteOtherExhibits | filing ↗ |
| 2026-05-29 | ResultsExhibits | filing ↗ |
| 2026-04-09 | Exec/director changeExhibits | filing ↗ |
| 2026-03-24 | OtherExhibits | filing ↗ |
| 2026-03-13 | ResultsExhibits | filing ↗ |
| 2026-02-20 | Exec/director changeExhibits | filing ↗ |
| 2026-01-29 | Exec/director changeExhibits | filing ↗ |
| 2026-01-27 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-11 | 2026-05-02 | 0000885245-26-000029 ↗ |
| 8-K | 2026-06-02 | 2026-06-01 | 0000885245-26-000027 ↗ |
| 8-K | 2026-05-29 | 2026-05-29 | 0000885245-26-000025 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0000885245-26-000014 ↗ |
| 10-K | 2026-04-01 | 2026-01-31 | 0000885245-26-000012 ↗ |
| 8-K | 2026-03-24 | 2026-03-24 | 0000885245-26-000010 ↗ |
| 8-K | 2026-03-13 | 2026-03-13 | 0000885245-26-000008 ↗ |
| 8-K | 2026-02-20 | 2026-02-16 | 0000885245-26-000006 ↗ |
| 8-K | 2026-01-29 | 2026-01-28 | 0000885245-26-000004 ↗ |
| 8-K | 2026-01-27 | 2026-01-23 | 0000885245-26-000002 ↗ |
| 10-Q | 2025-12-11 | 2025-11-01 | 0000885245-25-000113 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0000885245-25-000111 ↗ |