Nuveen Asset Management LLC Purchases 183,257 Shares of The Buckle, Inc. (NYSE:BKE)

Nuveen Asset Management LLC lifted its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 180.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 284,713 shares of the company's stock after buying an additional 183,257 shares during the period. Nuveen Asset Management LLC owned approximately 0.56% of Buckle worth $14,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. bought a new stake in Buckle during the fourth quarter worth approximately $31,000. Caption Management LLC bought a new stake in Buckle during the fourth quarter worth approximately $36,000. Smartleaf Asset Management LLC raised its holdings in Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after purchasing an additional 601 shares in the last quarter. Bellwether Advisors LLC bought a new stake in Buckle during the fourth quarter worth approximately $43,000. Finally, Blue Trust Inc. raised its holdings in Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after purchasing an additional 585 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BKE shares. UBS Group reissued a "neutral" rating on shares of Buckle in a 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.

Insider Buying and Selling at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the sale, the chief executive officer now directly owns 1,663,035 shares in the company, valued at approximately $65,706,512.85. This represents a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 109,698 shares of company stock valued at $4,312,919 in the last three months. 39.00% of the stock is currently owned by company insiders.

Buckle Price Performance

Shares of NYSE:BKE traded up $0.17 on Thursday, reaching $43.33. 204,677 shares of the company traded hands, compared to its average volume of 469,440. The Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The company's 50 day moving average is $37.32 and its 200-day moving average is $43.44. The stock has a market capitalization of $2.22 billion, a PE ratio of 11.00 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data 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 44.11% and a net margin of 16.21%. The company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The company's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. Buckle's dividend payout ratio (DPR) is presently 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.