6,052 Shares in Buckle, Inc. (The) $BKE Bought by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP invested $232,000 in Buckle, Inc. by acquiring 6,052 shares, indicating interest from institutional investors in the company's performance.
• CEO Dennis H. Nelson and Director James E. Shada recently sold a combined total of 30,453 shares of Buckle, reflecting a 10% decrease in their respective holdings.
• Buckle announced a quarterly dividend of $0.35 per share with a yield of 2.5%, demonstrating a solid commitment to returning value to shareholders.

Aigen Investment Management LP purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,052 shares of the company's stock, valued at approximately $232,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Buckle by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock worth $926,000 after buying an additional 2,727 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Buckle by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock worth $6,335,000 after purchasing an additional 3,688 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of Buckle by 36.3% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,208 shares of the company's stock worth $506,000 after purchasing an additional 3,521 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Buckle by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock worth $623,000 after purchasing an additional 2,127 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after purchasing an additional 571 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the transaction, the chief executive officer owned 1,655,204 shares in the company, valued at $72,034,478.08. This represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James E. Shada sold 10,000 shares of the stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total transaction of $498,400.00. Following the transaction, the director owned 85,352 shares in the company, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 39.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their target price on Buckle from $40.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd.

Buckle Stock Down 0.1%

Shares of BKE stock traded down $0.08 during trading hours on Monday, reaching $55.46. 165,705 shares of the stock traded hands, compared to its average volume of 535,780. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $57.53. The business has a fifty day moving average price of $48.14 and a 200 day moving average price of $42.25. The firm has a market capitalization of $2.84 billion, a PE ratio of 14.25 and a beta of 1.05.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's dividend payout ratio is presently 35.99%.

Buckle Company 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.