Buckle, Inc. (The) $BKE Stock Position Lowered by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. reduced its stake in Buckle, Inc. by 51.9%, selling 17,540 shares and holding 16,232 shares valued at $622,000 as of the end of the last quarter.
• CEO Dennis H. Nelson sold 20,453 shares for approximately $890,115, leading to a 1.22% decrease in his holdings; insiders have collectively sold 31,953 shares worth $1.47 million in the last 90 days.
• Buckle, Inc. recently reported an EPS of $0.89 for the quarter, exceeding analysts' expectations, and announced a dividend yielding 2.5% per annum.

Capital Fund Management S.A. trimmed its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 51.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,232 shares of the company's stock after selling 17,540 shares during the quarter. Capital Fund Management S.A.'s holdings in Buckle were worth $622,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Buckle during the 4th quarter worth $623,000. Mariner LLC raised its stake in shares of Buckle by 15.1% during the fourth quarter. Mariner LLC now owns 6,731 shares of the company's stock valued at $342,000 after purchasing an additional 881 shares in the last quarter. Marshall Wace LLP acquired a new stake in Buckle in the fourth quarter worth about $579,000. Dimensional Fund Advisors LP lifted its holdings in Buckle by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company's stock worth $68,957,000 after purchasing an additional 10,178 shares during the period. Finally, MetLife Investment Management LLC grew its position in Buckle by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 18,926 shares of the company's stock valued at $962,000 after buying an additional 896 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Stock Performance

NYSE BKE traded down $0.90 on Friday, reaching $56.60. The company's stock had a trading volume of 516,816 shares, compared to its average volume of 574,803. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $57.83. The firm's 50 day moving average is $50.50 and its two-hundred day moving average is $43.02. The stock has a market cap of $2.90 billion, a PE ratio of 14.15 and a beta of 1.05.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The business had revenue of $305.74 million for the quarter, compared to the consensus estimate of $292.61 million. During the same period in the previous year, the firm earned $0.78 EPS. The business's revenue for the quarter was up 8.3% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.5%. Buckle's dividend payout ratio is currently 35.00%.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total transaction of $890,114.56. Following the sale, the chief executive officer directly owned 1,655,204 shares of the company's stock, valued at $72,034,478.08. The trade was 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 available at this link. Also, Director John P. Peetz sold 1,500 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total value of $83,610.00. Following the completion of the transaction, the director owned 23,623 shares of the company's stock, valued at $1,316,746.02. This trade represents a 5.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,953 shares of company stock worth $1,472,125. Insiders own 39.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BKE shares. UBS Group boosted their price target on shares of Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $54.00.

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.