Advisors Asset Management Inc. Increases Position in Buckle, Inc. (The) $BKE

Key Points

• Advisors Asset Management Inc. increased its stake in Buckle, Inc. by 1.7%, owning a total of 299,021 shares worth approximately $11.46 million at the end of the first quarter.
• Buckle recently reported quarterly earnings of $0.89 per share, exceeding analysts' estimates of $0.83, alongside a revenue of $305.74 million, reflecting an 8.3% year-over-year increase.
• UBS Group raised its price target for Buckle from $51.00 to $54.00, with the stock currently holding an average rating of "Hold" and a consensus price target of $54.00.

Advisors Asset Management Inc. boosted its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 299,021 shares of the company's stock after buying an additional 4,865 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.58% of Buckle worth $11,458,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BKE. Maverick Capital Ltd. raised its stake in Buckle by 178.4% during the 1st quarter. Maverick Capital Ltd. now owns 34,134 shares of the company's stock worth $1,308,000 after buying an additional 21,873 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Buckle in the 1st quarter valued at about $2,791,000. Graham Capital Management L.P. grew its holdings in shares of Buckle by 475.7% in the 1st quarter. Graham Capital Management L.P. now owns 74,769 shares of the company's stock valued at $2,865,000 after acquiring an additional 61,781 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Buckle by 29.9% in the 1st quarter. Baird Financial Group Inc. now owns 57,368 shares of the company's stock valued at $2,198,000 after acquiring an additional 13,211 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in Buckle by 5.6% during the first quarter. Vident Advisory LLC now owns 16,334 shares of the company's stock worth $626,000 after purchasing an additional 863 shares during the period. Institutional investors and hedge funds own 53.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a report on Saturday. 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 analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle currently has a consensus rating of "Hold" and an average target price of $54.00.

Buckle Stock Down 1.7%

Buckle stock traded down $1.00 during trading hours on Friday, reaching $59.25. 771,278 shares of the company's stock were exchanged, compared to its average volume of 573,518. The firm's 50 day simple moving average is $51.85 and its 200 day simple moving average is $43.55. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $60.55. The firm has a market capitalization of $3.03 billion, a PE ratio of 14.81 and a beta of 1.02.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $0.89 earnings per share 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 firm had revenue of $305.74 million during the quarter, compared to the consensus estimate of $292.61 million. During the same period last year, the business posted $0.78 EPS. The business's revenue was up 8.3% compared to the same quarter last year.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total transaction of $890,114.56. Following the completion of the transaction, the chief executive officer owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Shada sold 10,000 shares of Buckle stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the transaction, the director owned 85,352 shares of the company's stock, valued at $4,253,943.68. This trade represents a 10.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,953 shares of company stock worth $1,472,125. Company insiders own 39.00% of the company's stock.

About Buckle

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.