Palisade Capital Management LP Sells 18,197 Shares of Buckle, Inc. (The) (NYSE:BKE)

Palisade Capital Management LP reduced its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 564,900 shares of the company's stock after selling 18,197 shares during the quarter. Palisade Capital Management LP owned 1.10% of Buckle worth $21,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Buckle during the 4th quarter worth approximately $31,000. Caption Management LLC acquired a new position in Buckle in the fourth quarter worth $36,000. Smartleaf Asset Management LLC grew its holdings in shares of 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 during the last quarter. Bellwether Advisors LLC acquired a new stake in shares of Buckle in the fourth quarter valued at $43,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Buckle by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after buying an additional 240 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

Shares of NYSE BKE traded down $0.01 during midday trading on Friday, hitting $47.63. The stock had a trading volume of 157,859 shares, compared to its average volume of 480,811. The firm has a market cap of $2.44 billion, a P/E ratio of 12.24 and a beta of 1.03. 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 simple moving average is $41.55 and its 200 day simple moving average is $42.31.

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, topping analysts' consensus estimates of $0.65 by $0.05. The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The company's revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.35 per share. 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 dividend payout ratio (DPR) is 35.99%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 43,915 shares of Buckle stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total transaction of $1,744,303.80. Following the completion of the sale, the chief executive officer owned 1,706,335 shares of the company's stock, valued at approximately $67,775,626.20. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 99,471 shares of company stock valued at $4,039,802 in the last quarter. Corporate insiders own 39.00% of the company's stock.

Analyst Ratings Changes

BKE has been the topic of several research reports. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reiterated a "neutral" rating on shares of Buckle in a research 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.