Edgestream Partners L.P. purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,474 shares of the company's stock, valued at approximately $1,666,000. Edgestream Partners L.P. owned about 0.08% of Buckle at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caption Management LLC acquired a new position in shares of Buckle in the fourth quarter worth approximately $36,000. Bellwether Advisors LLC acquired a new position in shares of Buckle in the fourth quarter worth approximately $43,000. PNC Financial Services Group Inc. lifted its stake in shares of Buckle by 15.8% in 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 period. State of Wyoming acquired a new position in shares of Buckle in the fourth quarter worth approximately $111,000. Finally, Viking Fund Management LLC acquired a new position in shares of Buckle in the first quarter worth approximately $115,000. 53.93% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Buckle
In other news, CEO Dennis H. Nelson sold 43,915 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,706,335 shares of the company's stock, valued at $67,775,626.20. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 97,151 shares of company stock worth $3,955,563 over the last quarter. 39.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
BKE has been the topic of a number of recent analyst reports. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.
Check Out Our Latest Stock Report on Buckle
Buckle Stock Down 0.2%
BKE traded down $0.08 during trading on Friday, hitting $48.02. The company's stock had a trading volume of 411,447 shares, compared to its average volume of 482,428. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The stock's fifty day moving average price is $44.16 and its 200-day moving average price is $41.98. The firm has a market capitalization of $2.46 billion, a P/E ratio of 12.34 and a beta of 1.03.
Buckle (NYSE:BKE - Get Free Report) last issued its quarterly 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 return on equity of 43.13% and a net margin of 15.95%. The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year.
Buckle Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Tuesday, July 15th. Buckle's payout ratio is 35.99%.
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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