Man Group plc Buys New Holdings in The Buckle, Inc. (NYSE:BKE)

Man Group plc bought a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 6,192 shares of the company's stock, valued at approximately $315,000.

A number of other large investors have also recently made changes to their positions in BKE. Nuveen Asset Management LLC lifted its position in Buckle by 180.6% during the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock worth $14,466,000 after acquiring an additional 183,257 shares during the period. Millennium Management LLC lifted its position in Buckle by 343.5% during the 4th quarter. Millennium Management LLC now owns 86,358 shares of the company's stock worth $4,388,000 after acquiring an additional 66,886 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after acquiring an additional 571 shares during the period. Graham Capital Management L.P. acquired a new stake in Buckle during the 4th quarter worth approximately $660,000. Finally, FORA Capital LLC acquired a new stake in Buckle during the 4th quarter worth approximately $280,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the transaction, the chief executive officer now directly owns 1,647,695 shares of the company's stock, valued at $59,844,282.40. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 109,698 shares of company stock valued at $4,312,919 in the last ninety days. Corporate insiders own 39.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th.

Buckle Price Performance

Shares of BKE stock traded up $0.20 during trading hours on Thursday, reaching $43.36. 553,150 shares of the company's stock were exchanged, compared to its average volume of 471,060. The company has a market cap of $2.22 billion, a P/E ratio of 11.01 and a beta of 0.94. The company's 50 day moving average is $37.38 and its two-hundred day moving average is $43.42. The 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 issued 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 business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.23%. The ex-dividend date was Tuesday, April 15th. Buckle's payout ratio is currently 35.99%.

Buckle 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.