The Buckle, Inc. (NYSE:BKE) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 343.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,358 shares of the company's stock after buying an additional 66,886 shares during the quarter. Millennium Management LLC owned about 0.17% of Buckle worth $4,388,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after buying an additional 571 shares during the last quarter. Graham Capital Management L.P. purchased a new position in Buckle during the fourth quarter valued at approximately $660,000. FORA Capital LLC purchased a new position in Buckle during the fourth quarter valued at approximately $280,000. Deutsche Bank AG lifted its holdings in Buckle by 80.9% in the fourth quarter. Deutsche Bank AG now owns 32,888 shares of the company's stock valued at $1,671,000 after acquiring an additional 14,712 shares during the period. Finally, Cresset Asset Management LLC boosted its position in Buckle by 3.4% in the 4th quarter. Cresset Asset Management LLC now owns 48,009 shares of the company's stock worth $2,439,000 after purchasing an additional 1,565 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Price Performance

BKE stock traded up $0.14 during mid-day trading on Tuesday, reaching $42.77. 51,471 shares of the company's stock were exchanged, compared to its average volume of 469,609. The Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $54.25. The stock's 50 day moving average is $37.49 and its 200 day moving average is $43.28. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 10.86 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.35 per share. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 annualized dividend and a yield of 3.27%. Buckle's dividend payout ratio (DPR) is currently 35.99%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 2,320 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value 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 $63,301,946.25. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 94,358 shares of company stock valued at $3,706,836 over the last quarter. 39.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKE. Wall Street Zen raised shares of 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 report 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.