Allianz Asset Management GmbH Sells 21,140 Shares of Buckle, Inc. (The) (NYSE:BKE)

Allianz Asset Management GmbH lowered its position in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 20.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,152 shares of the company's stock after selling 21,140 shares during the quarter. Allianz Asset Management GmbH owned 0.16% of Buckle worth $3,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BKE. Caption Management LLC bought a new stake in shares of Buckle in the fourth quarter valued at about $36,000. Bellwether Advisors LLC bought a new stake in shares of Buckle in the fourth quarter valued at about $43,000. State of Wyoming bought a new stake in Buckle during the fourth quarter worth about $111,000. Viking Fund Management LLC bought a new stake in Buckle during the first quarter worth about $115,000. Finally, Novem Group bought a new stake in Buckle during the fourth quarter worth about $227,000. Institutional investors own 53.93% of the company's stock.

Insiders Place Their Bets

In related news, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total value of $1,744,303.80. Following the completion of the sale, the chief executive officer directly owned 1,706,335 shares in the company, valued at $67,775,626.20. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James E. Shada sold 10,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the completion of the sale, the director owned 85,352 shares of the company's stock, valued at $4,253,943.68. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,046 shares of company stock valued at $4,377,425 over the last quarter. 39.00% of the stock is owned by corporate insiders.

Buckle Stock Down 0.3%

Shares of Buckle stock traded down $0.14 on Friday, hitting $49.23. The stock had a trading volume of 395,914 shares, compared to its average volume of 534,470. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The business's 50 day moving average is $45.77 and its two-hundred day moving average is $41.96. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 12.66 and a beta of 1.03.

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

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, July 15th. Buckle's dividend payout ratio is presently 35.99%.

Wall Street Analyst Weigh In

BKE has been the topic of a number of recent analyst reports. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reissued a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th.

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.