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

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

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after acquiring an additional 69,258 shares during the period. SBI Securities Co. Ltd. bought a new stake in Buckle in the fourth quarter valued at $31,000. Price T Rowe Associates Inc. MD grew its position in Buckle by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after acquiring an additional 2,127 shares during the period. Entropy Technologies LP bought a new stake in Buckle in the fourth quarter valued at $380,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Buckle by 20.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,650 shares of the company's stock valued at $1,116,000 after acquiring an additional 3,616 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Buckle Stock Performance

Buckle stock traded up $0.51 on Thursday, reaching $42.62. The company's stock had a trading volume of 483,731 shares, compared to its average volume of 472,270. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 10.82 and a beta of 0.94. The business's fifty day moving average price is $37.65 and its 200 day moving average price is $43.27. The Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25.

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

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.99%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reiterated 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.