Buckle, Inc. (The) (NYSE:BKE) Position Reduced by Bryce Point Capital LLC

Key Points

• Bryce Point Capital LLC has reduced its stake in Buckle, Inc. by 32.3%, now holding about 0.7% of the company's total stock valued at approximately $957,000.
• Recent analyst reports have seen Buckle's rating upgraded from "hold" to "buy" by Wall Street Zen, while UBS Group maintains a "neutral" rating.
• The company announced a quarterly dividend of $0.35, representing a 2.85% yield, with payment set for July 29th.

Bryce Point Capital LLC lessened its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 32.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,466 shares of the company's stock after selling 10,732 shares during the quarter. Buckle comprises approximately 0.7% of Bryce Point Capital LLC's portfolio, making the stock its 21st largest position. Bryce Point Capital LLC's holdings in Buckle were worth $957,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its holdings in Buckle by 1.4% in the first quarter. SummerHaven Investment Management LLC now owns 21,348 shares of the company's stock valued at $818,000 after acquiring an additional 302 shares during the last quarter. Unison Advisors LLC boosted its position in shares of Buckle by 0.8% during the 4th quarter. Unison Advisors LLC now owns 38,166 shares of the company's stock worth $1,939,000 after purchasing an additional 307 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Buckle by 1.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company's stock worth $1,666,000 after purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after purchasing an additional 571 shares during the period. Finally, Optimist Retirement Group LLC boosted its position in shares of Buckle by 6.1% during the 1st quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company's stock worth $401,000 after purchasing an additional 605 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total value of $890,114.56. Following the sale, the chief executive officer owned 1,655,204 shares of the company's stock, valued at $72,034,478.08. This represents a 1.22% decrease in their ownership of the stock. The sale 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 the company's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the completion of the sale, the director directly owned 85,352 shares in the company, 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 three months, insiders have sold 105,046 shares of company stock worth $4,377,425. 39.00% of the stock is owned by insiders.

Buckle Stock Performance

NYSE BKE traded down $0.19 during trading on Thursday, reaching $49.19. The company's stock had a trading volume of 141,623 shares, compared to its average volume of 533,009. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 12.65 and a beta of 1.03. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The business's fifty day moving average price is $45.61 and its 200-day moving average price is $41.97.

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, beating 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 net margin of 15.95% and a return on equity of 43.13%. Buckle's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share.

Buckle Announces Dividend

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 dividend of $0.35 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.85%. Buckle's dividend payout ratio (DPR) is 35.99%.

Analysts Set New Price Targets

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

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.