Bank of America Corp DE Has $1.94 Million Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Bank of America Corp DE trimmed its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 74.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,113 shares of the company's stock after selling 111,689 shares during the quarter. Bank of America Corp DE owned about 0.08% of Buckle worth $1,937,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BKE. Teacher Retirement System of Texas raised its holdings in shares of Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company's stock valued at $9,677,000 after buying an additional 155,366 shares during the last quarter. First Trust Advisors LP raised its holdings in Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after purchasing an additional 137,972 shares during the last quarter. American Century Companies Inc. raised its holdings in Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock worth $47,636,000 after purchasing an additional 100,173 shares during the last quarter. Norges Bank bought a new stake in Buckle during the 4th quarter worth about $4,909,000. Finally, Amundi raised its holdings in Buckle by 4,016.8% during the 4th quarter. Amundi now owns 75,297 shares of the company's stock worth $3,787,000 after purchasing an additional 73,468 shares during the last quarter. 53.93% of the stock is owned by institutional investors.

Buckle Stock Performance

NYSE:BKE traded up $0.58 during mid-day trading on Friday, hitting $43.28. The company had a trading volume of 467,028 shares, compared to its average volume of 473,456. The Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The firm has a market cap of $2.21 billion, a P/E ratio of 10.98 and a beta of 0.94. The business's fifty day moving average is $37.83 and its two-hundred day moving average is $43.20.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. The company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. Buckle's dividend payout ratio (DPR) is presently 35.99%.

Insider Activity

In other news, CEO Dennis H. Nelson sold 2,320 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value of $84,239.20. Following the completion of the sale, the chief executive officer now directly owns 1,743,375 shares of the company's stock, valued at $63,301,946.25. This represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 94,358 shares of company stock valued at $3,706,836 in the last ninety days. 39.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on BKE. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group reissued a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th.

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.