Nisa Investment Advisors LLC lowered its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 30.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,612 shares of the company's stock after selling 7,557 shares during the quarter. Nisa Investment Advisors LLC's holdings in Buckle were worth $675,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in BKE. Caption Management LLC bought a new stake in shares of Buckle during the 4th quarter worth $36,000. Bellwether Advisors LLC bought a new stake in shares of Buckle during the 4th quarter worth $43,000. PNC Financial Services Group Inc. lifted its position in shares of Buckle by 15.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after buying an additional 240 shares during the last quarter. State of Wyoming bought a new stake in shares of Buckle during the 4th quarter worth $111,000. Finally, Viking Fund Management LLC bought a new stake in shares of Buckle during the 1st quarter worth $115,000. Institutional investors and hedge funds own 53.93% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. UBS Group restated a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd.
Get Our Latest Analysis on BKE
Buckle Stock Performance
Shares of BKE traded up $0.32 during trading hours on Wednesday, reaching $47.59. The stock had a trading volume of 477,094 shares, compared to its average volume of 482,011. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The stock has a market capitalization of $2.43 billion, a PE ratio of 12.23 and a beta of 1.03. The company's 50-day moving average is $43.48 and its two-hundred day moving average is $42.04.
Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. During the same period in the prior year, the company earned $0.70 EPS. Buckle's revenue was up 3.7% compared to the same quarter last year.
Buckle Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle's payout ratio is 35.99%.
Insider Activity at Buckle
In other news, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total value of $1,744,303.80. Following the completion of the transaction, the chief executive officer directly owned 1,706,335 shares in the company, valued at approximately $67,775,626.20. This represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 97,151 shares of company stock valued at $3,955,563. 39.00% of the stock is currently owned by corporate insiders.
Buckle Profile
(
Free Report)
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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