Exchange Traded Concepts LLC Has $1.82 Million Holdings in Buckle, Inc. (The) (NYSE:BKE)

Exchange Traded Concepts LLC increased its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 22.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,610 shares of the company's stock after purchasing an additional 8,883 shares during the quarter. Exchange Traded Concepts LLC owned 0.09% of Buckle worth $1,824,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after buying an additional 585 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Buckle by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 161,636 shares of the company's stock valued at $8,213,000 after buying an additional 6,000 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Buckle by 25.3% in the fourth quarter. Handelsbanken Fonder AB now owns 10,900 shares of the company's stock valued at $554,000 after buying an additional 2,200 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Buckle in the fourth quarter valued at $524,000. Finally, Los Angeles Capital Management LLC bought a new stake in Buckle in the fourth quarter valued at $378,000. 53.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 2,320 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the sale, the chief executive officer now directly owns 1,743,375 shares in the company, valued at approximately $63,301,946.25. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 99,471 shares of company stock valued at $4,039,802. 39.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKE. UBS Group reiterated 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 report on Friday, May 23rd.

Buckle Trading Up 0.7%

NYSE:BKE traded up $0.32 during mid-day trading on Thursday, reaching $44.83. 492,460 shares of the stock were exchanged, compared to its average volume of 473,673. The business has a fifty day moving average price of $39.14 and a 200 day moving average price of $42.86. The firm has a market capitalization of $2.29 billion, a PE ratio of 11.52 and a beta of 1.03. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. Buckle had a return on equity of 43.13% and a net margin of 15.95%. Buckle's revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.12%. Buckle's dividend payout ratio is currently 35.99%.

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.