Buckle, Inc. (The) (NYSE:BKE) Holdings Reduced by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,710 shares of the company's stock after selling 10,740 shares during the period. Teacher Retirement System of Texas owned 0.35% of Buckle worth $6,886,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Buckle in the 4th quarter valued at $31,000. Caption Management LLC purchased a new stake in shares of Buckle during the fourth quarter valued at approximately $36,000. Smartleaf Asset Management LLC raised its stake in shares of Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares during the period. Bellwether Advisors LLC purchased a new stake in shares of Buckle during the fourth quarter valued at approximately $43,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after acquiring an additional 240 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wall Street Zen upgraded 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 research note on Wednesday, May 14th.

Buckle Trading Up 0.4%

Buckle stock traded up $0.18 during midday trading on Thursday, hitting $47.14. The stock had a trading volume of 351,685 shares, compared to its average volume of 481,823. The stock has a market cap of $2.41 billion, a P/E ratio of 12.12 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 business has a fifty day moving average price of $42.53 and a 200 day moving average price of $42.21.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $264.28 million. During the same period in the previous year, the business earned $0.70 EPS. The business's quarterly revenue was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 35.99%.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 43,915 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total transaction of $1,744,303.80. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 97,151 shares of company stock worth $3,955,563 over the last three months. 39.00% of the stock is currently owned by corporate insiders.

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.