Centiva Capital LP Acquires New Shares in The Buckle, Inc. (NYSE:BKE)

Centiva Capital LP purchased a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,949 shares of the company's stock, valued at approximately $1,166,000.

Several other hedge funds have also recently modified their holdings of BKE. Baird Financial Group Inc. raised its stake in Buckle by 16.6% in the fourth quarter. Baird Financial Group Inc. now owns 44,157 shares of the company's stock worth $2,244,000 after buying an additional 6,288 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Buckle by 515.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company's stock valued at $14,987,000 after buying an additional 247,019 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Buckle by 2.2% in the 4th quarter. BNP Paribas Financial Markets now owns 90,181 shares of the company's stock worth $4,582,000 after buying an additional 1,926 shares during the last quarter. Northern Trust Corp grew its position in shares of Buckle by 6.3% in the 4th quarter. Northern Trust Corp now owns 385,627 shares of the company's stock worth $19,594,000 after buying an additional 23,002 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of Buckle during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 53.93% of the company's stock.

Buckle Trading Up 0.2%

Shares of NYSE:BKE traded up $0.06 on Tuesday, hitting $39.32. 90,498 shares of the company were exchanged, compared to its average volume of 457,180. The stock's 50 day moving average price is $36.42 and its 200 day moving average price is $43.65. The Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The firm has a market capitalization of $2.01 billion, a P/E ratio of 9.98 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $379.20 million during the quarter, compared to analysts' expectations of $378.97 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.56%. Buckle's dividend payout ratio is currently 36.08%.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 2,105 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $36.36, for a total value of $76,537.80. Following the completion of the sale, the chief executive officer now directly owns 1,728,250 shares in the company, valued at $62,839,170. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 55,558 shares of company stock worth $2,159,719 in the last 90 days. Insiders own 39.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group cut their price objective on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th.

Buckle Profile

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.