Buckle, Inc. (The) $BKE Stock Holdings Lowered by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has reduced its holdings in Buckle, Inc. by 31.9%, selling 23,741 shares and now owning a total of 50,677 shares valued at approximately $1,942,000.
• Director James E. Shada sold 20,000 shares at an average price of $59.49, marking a 26.54% decrease in his ownership.
• Buckle announced a quarterly dividend of $0.35 per share, payable on October 29th, representing a yield of 2.3% and a payout ratio of 35.00%.

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

Other hedge funds have also added to or reduced their stakes in the company. Caxton Associates LLP bought a new stake in shares of Buckle during the 1st quarter valued at $446,000. Dynamic Technology Lab Private Ltd grew its position in shares of Buckle by 126.6% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,432 shares of the company's stock valued at $898,000 after acquiring an additional 13,092 shares during the period. New Vernon Capital Holdings II LLC grew its position in shares of Buckle by 3,732.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 671,251 shares of the company's stock valued at $25,722,000 after acquiring an additional 653,734 shares during the period. Millennium Management LLC grew its position in shares of Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company's stock valued at $3,815,000 after acquiring an additional 13,189 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock valued at $704,000 after acquiring an additional 797 shares during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Down 0.5%

NYSE:BKE traded down $0.32 on Friday, hitting $60.85. The stock had a trading volume of 1,573,368 shares, compared to its average volume of 559,146. The company has a fifty day moving average price of $54.52 and a two-hundred day moving average price of $44.93. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02.

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

Buckle Announces Dividend

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

Insider Buying and Selling at Buckle

In other news, Director James E. Shada sold 20,000 shares of the firm's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $59.49, for a total value of $1,189,800.00. Following the completion of the sale, the director owned 55,352 shares in the company, valued at approximately $3,292,890.48. This trade represents a 26.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kari G. Smith sold 20,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $59.36, for a total transaction of $1,187,200.00. Following the completion of the sale, the executive vice president owned 150,354 shares of the company's stock, valued at $8,925,013.44. This trade represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $3,320,030 in the last quarter. 39.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BKE has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Buckle presently has an average 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.