Nisa Investment Advisors LLC Sells 7,557 Shares of Buckle, Inc. (The) (NYSE:BKE)

Nisa Investment Advisors LLC trimmed its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 30.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in BKE. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Buckle by 12.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock valued at $926,000 after purchasing an additional 2,727 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Buckle by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock worth $6,335,000 after acquiring an additional 3,688 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Buckle by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock worth $623,000 after purchasing an additional 2,127 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after acquiring an additional 571 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Buckle by 13,565.4% during the first quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock worth $712,000 after buying an additional 18,449 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BKE. UBS Group reissued a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd.

Buckle Stock Down 0.2%

Shares of NYSE:BKE traded down $0.08 during trading on Friday, reaching $48.02. 411,447 shares of the company traded hands, compared to its average volume of 481,614. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25. The firm has a market capitalization of $2.46 billion, a PE ratio of 12.34 and a beta of 1.03. The company's 50 day moving average is $44.16 and its two-hundred day moving average is $42.04.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.70 EPS for the quarter, beating 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 company's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle's payout ratio is presently 35.99%.

Insider Buying and Selling

In other Buckle 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 value of $890,114.56. Following the completion of the transaction, the chief executive officer owned 1,655,204 shares of the company's stock, valued at $72,034,478.08. This trade represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 97,151 shares of company stock valued at $3,955,563 over the last 90 days. 39.00% of the stock is currently owned by corporate insiders.

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.