Exchange Traded Concepts LLC Purchases 8,883 Shares of Buckle, Inc. (The) (NYSE:BKE)

Exchange Traded Concepts LLC grew its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 22.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,610 shares of the company's stock after buying an additional 8,883 shares during the period. Exchange Traded Concepts LLC owned 0.09% of Buckle worth $1,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. SummerHaven Investment Management LLC increased its holdings in Buckle by 1.4% in the 1st 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. Redhawk Wealth Advisors Inc. increased its holdings in Buckle by 36.6% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 21,541 shares of the company's stock valued at $825,000 after acquiring an additional 5,771 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Buckle by 42.2% in the first quarter. Handelsbanken Fonder AB now owns 15,500 shares of the company's stock worth $594,000 after purchasing an additional 4,600 shares during the last quarter. Viking Fund Management LLC bought a new stake in shares of Buckle in the first quarter worth about $115,000. Finally, GAMMA Investing LLC increased its holdings in shares of Buckle by 13,565.4% in the first quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock worth $712,000 after purchasing an additional 18,449 shares during the last quarter. Institutional investors own 53.93% of the company's stock.

Buckle Trading Up 0.8%

BKE traded up $0.36 during trading hours on Friday, hitting $45.22. The company's stock had a trading volume of 1,048,357 shares, compared to its average volume of 475,417. The business's 50-day moving average price is $39.54 and its 200-day moving average price is $42.66. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 11.62 and a beta of 1.03.

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

Buckle Dividend Announcement

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 given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.99%.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the transaction, the chief executive officer now owns 1,655,204 shares in the company, valued at $72,034,478.08. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 99,471 shares of company stock valued at $4,039,802. 39.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.

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.