New York State Common Retirement Fund Has $8.43 Million Stock Position in Buckle, Inc. (The) (NYSE:BKE)

New York State Common Retirement Fund trimmed its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 2.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 220,064 shares of the company's stock after selling 6,188 shares during the quarter. New York State Common Retirement Fund owned about 0.43% of Buckle worth $8,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKE. Caption Management LLC acquired a new position in shares of Buckle in the 4th quarter worth approximately $36,000. Bellwether Advisors LLC acquired a new position in shares of Buckle in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. grew its stake in shares of Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after purchasing an additional 240 shares during the last quarter. State of Wyoming acquired a new position in shares of Buckle in the 4th quarter worth approximately $111,000. Finally, Viking Fund Management LLC acquired a new position in shares of Buckle in the 1st quarter worth approximately $115,000. 53.93% of the stock is currently owned by institutional investors.

Buckle Stock Up 0.8%

Shares of Buckle stock traded up $0.42 during trading on Wednesday, hitting $50.09. The stock had a trading volume of 366,304 shares, compared to its average volume of 482,600. The stock has a 50 day simple moving average of $44.56 and a 200 day simple moving average of $41.95. The company has a market capitalization of $2.56 billion, a PE ratio of 12.88 and a beta of 1.03. 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 released its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.99%.

Analyst Ratings Changes

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

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 95,046 shares of company stock worth $3,879,025 in the last ninety days. Company insiders own 39.00% of the company's stock.

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.