Caxton Associates LLP Purchases Shares of 11,643 Buckle, Inc. (The) $BKE

Key Points

• Caxton Associates LLP acquired 11,643 shares of Buckle, Inc., valued at approximately $446,000, in the first quarter of the year.
• Following significant transactions, company insiders sold 57,500 shares worth over $3.3 million in the last ninety days, reducing their ownership to 39.00%.
• Buckle recently reported $0.89 earnings per share, exceeding estimates, and announced a quarterly dividend of $0.35, providing a yield of 2.4% for investors.

Caxton Associates LLP bought a new stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,643 shares of the company's stock, valued at approximately $446,000.

A number of other large investors have also recently modified their holdings of BKE. Deutsche Bank AG boosted its stake in shares of Buckle by 80.9% during the 4th quarter. Deutsche Bank AG now owns 32,888 shares of the company's stock valued at $1,671,000 after purchasing an additional 14,712 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after purchasing an additional 571 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Buckle by 343.5% during the 4th quarter. Millennium Management LLC now owns 86,358 shares of the company's stock valued at $4,388,000 after purchasing an additional 66,886 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Buckle by 180.6% during the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock valued at $14,466,000 after acquiring an additional 183,257 shares during the period. Finally, Man Group plc purchased a new position in Buckle during the 4th quarter valued at about $315,000. Institutional investors own 53.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. UBS Group lifted their price target on shares of Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Buckle currently has a consensus rating of "Hold" and a consensus target price of $54.00.

Buckle Price Performance

Shares of BKE traded up $0.68 during midday trading on Thursday, hitting $61.16. The stock had a trading volume of 496,220 shares, compared to its average volume of 567,559. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The firm has a market cap of $3.13 billion, a PE ratio of 15.29 and a beta of 1.02. The stock's 50 day moving average is $54.25 and its 200 day moving average is $44.77.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm had revenue of $305.74 million for the quarter, compared to analysts' expectations of $292.61 million. During the same period in the prior year, the business posted $0.78 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, October 15th. Buckle's payout ratio is currently 35.00%.

Insider Buying and Selling

In related news, Director John P. Peetz sold 1,500 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total value of $83,610.00. Following the sale, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. The trade was a 5.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Shada sold 20,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the sale, the director owned 55,352 shares in the company, valued at $3,292,890.48. This trade represents a 26.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $3,320,030 in the last quarter. 39.00% of the stock is currently owned by insiders.

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.