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

A number of other large investors have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd lifted its position in shares of Buckle by 126.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,432 shares of the company's stock valued at $898,000 after buying an additional 13,092 shares in the last quarter. New Vernon Capital Holdings II LLC lifted its position in shares of Buckle by 3,732.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 671,251 shares of the company's stock valued at $25,722,000 after buying an additional 653,734 shares in the last quarter. Millennium Management LLC lifted its position in shares of Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company's stock valued at $3,815,000 after buying an additional 13,189 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock valued at $704,000 after buying an additional 797 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Buckle by 9.5% during the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock valued at $3,618,000 after buying an additional 8,202 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Trading Down 1.1%

BKE traded down $0.66 on Tuesday, hitting $60.79. 558,691 shares of the company's stock traded hands, compared to its average volume of 540,447. The company's 50 day simple moving average is $53.42 and its 200-day simple moving average is $44.39. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 15.20 and a beta of 1.02. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.69.

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

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Buckle's payout ratio is presently 35.00%.

Insider Transactions at Buckle

In other Buckle news, Director James E. Shada sold 20,000 shares of Buckle stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $59.49, for a total value of $1,189,800.00. Following the sale, the director owned 55,352 shares of the company's stock, valued at $3,292,890.48. The trade was a 26.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Brett P. Milkie sold 6,000 shares of Buckle stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $60.17, for a total value of $361,020.00. Following the completion of the sale, the senior vice president directly owned 89,570 shares in the company, valued at approximately $5,389,426.90. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,500 shares of company stock worth $3,320,030. 39.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.