Intech Investment Management LLC Sells 23,741 Shares of Buckle, Inc. (The) $BKE

Intech Investment Management LLC reduced its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 31.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,677 shares of the company's stock after selling 23,741 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of Buckle worth $1,942,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State of Wyoming bought a new stake in Buckle during the fourth quarter worth $111,000. Viking Fund Management LLC bought a new stake in Buckle during the first quarter worth $115,000. Novem Group bought a new stake in Buckle during the fourth quarter worth $227,000. Aigen Investment Management LP bought a new stake in Buckle during the first quarter worth $232,000. Finally, Banque Cantonale Vaudoise bought a new stake in Buckle during the first quarter worth $232,000. 53.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director James E. Shada sold 20,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the completion of the transaction, the director directly owned 55,352 shares in the company, valued at $3,292,890.48. The trade was a 26.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brett P. Milkie sold 6,000 shares of the business's stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $60.17, for a total value of $361,020.00. Following the transaction, the senior vice president owned 89,570 shares of the company's stock, valued at approximately $5,389,426.90. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock valued at $3,320,030 in the last ninety days. Corporate insiders own 39.80% of the company's stock.

Buckle Stock Performance

Shares of NYSE BKE opened at $60.79 on Wednesday. The stock has a market cap of $3.11 billion, a PE ratio of 15.20 and a beta of 1.02. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The stock has a fifty day moving average of $53.70 and a 200-day moving average of $44.50.

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

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, October 15th. Buckle's payout ratio is presently 35.00%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BKE. UBS Group lifted their price target on Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Buckle currently has a consensus rating of "Hold" and a consensus price target of $54.00.

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.

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