Bank of New York Mellon Corp decreased its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 2.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 523,404 shares of the company's stock after selling 15,644 shares during the period. Bank of New York Mellon Corp owned 1.02% of Buckle worth $20,057,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Buckle by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock valued at $926,000 after buying an additional 2,727 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Buckle by 2.3% during the first quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock valued at $6,335,000 after buying an additional 3,688 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $623,000 after buying an additional 2,127 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $893,000 after buying an additional 571 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Buckle by 13,565.4% during the first quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock valued at $712,000 after buying an additional 18,449 shares during the last quarter. Institutional investors own 53.93% of the company's stock.
Buckle Stock Down 0.2%
BKE stock traded down $0.08 during mid-day trading on Friday, hitting $48.02. The company had a trading volume of 411,447 shares, compared to its average volume of 482,428. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.34 and a beta of 1.03. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $54.25. The company has a 50-day moving average price of $44.16 and a 200 day moving average price of $41.98.
Buckle (NYSE:BKE - Get Free Report) last announced its 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 net margin of 15.95% and a return on equity of 43.13%. The firm had revenue of $272.12 million for the quarter, compared to analysts' expectations of $264.28 million. During the same period in the prior year, the company earned $0.70 EPS. The business's revenue was up 3.7% compared to the same quarter last year.
Buckle Dividend Announcement
The business also recently announced 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. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.92%. Buckle's dividend payout ratio is currently 35.99%.
Wall Street Analysts Forecast Growth
BKE has been the topic of several research reports. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group restated a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th.
Read Our Latest Stock Analysis on Buckle
Insider Buying and Selling
In other news, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total transaction of $1,744,303.80. Following the transaction, the chief executive officer directly owned 1,706,335 shares in the company, valued at approximately $67,775,626.20. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 97,151 shares of company stock valued at $3,955,563. 39.00% of the stock is owned by corporate insiders.
About Buckle
(
Free Report)
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.
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