AQR Capital Management LLC cut its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,206 shares of the company's stock after selling 11,907 shares during the period. AQR Capital Management LLC owned 0.17% of Buckle worth $4,380,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Buckle by 6.3% during the 4th quarter. Northern Trust Corp now owns 385,627 shares of the company's stock valued at $19,594,000 after buying an additional 23,002 shares in the last quarter. Bellwether Advisors LLC bought a new position in shares of Buckle in the fourth quarter worth approximately $43,000. Nebula Research & Development LLC boosted its position in shares of Buckle by 27.0% in the fourth quarter. Nebula Research & Development LLC now owns 16,745 shares of the company's stock worth $851,000 after purchasing an additional 3,562 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Buckle by 21.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after purchasing an additional 2,127 shares during the period. Finally, Dark Forest Capital Management LP lifted its stake in shares of Buckle by 31.0% during the 4th quarter. Dark Forest Capital Management LP now owns 8,369 shares of the company's stock valued at $425,000 after buying an additional 1,981 shares in the last quarter. Institutional investors own 53.93% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on BKE. UBS Group decreased their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Read Our Latest Report on Buckle
Insider Buying and Selling
In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the transaction, the chief executive officer now directly owns 1,678,375 shares of the company's stock, valued at $68,578,402.50. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 76,011 shares of company stock worth $3,047,788. Insiders own 39.00% of the company's stock.
Buckle Stock Performance
Shares of NYSE BKE opened at $36.95 on Friday. The company has a market cap of $1.89 billion, a P/E ratio of 9.38 and a beta of 0.94. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25. The firm's fifty day moving average is $36.39 and its two-hundred day moving average is $43.66.
Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.09. The firm had revenue of $379.20 million for the quarter, compared to analysts' expectations of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share.
Buckle Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is presently 36.08%.
Buckle Profile
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Free Report)
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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.
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Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Buckle, Inc. (NYSE:BKE - Free Report).
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