Rhumbline Advisers Sells 25,670 Shares of Buckle, Inc. (The) $BKE

Key Points

• Rhumbline Advisers reduced its stake in Buckle, Inc. by 21.0%, selling 25,670 shares and now owns 96,684 shares valued at approximately $3.7 million.
• Buckle reported $0.89 EPS for the last quarter, exceeding analyst estimates of $0.83, along with an 8.3% increase in revenue from the previous year.
• The company also declared a quarterly dividend of $0.35 per share, equating to an annualized yield of 2.4%, with the ex-dividend date on October 15th.

Rhumbline Advisers cut its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 21.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,684 shares of the company's stock after selling 25,670 shares during the quarter. Rhumbline Advisers owned 0.19% of Buckle worth $3,705,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its position in shares of Buckle by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 21,348 shares of the company's stock worth $818,000 after acquiring an additional 302 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Buckle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after buying an additional 571 shares in the last quarter. Optimist Retirement Group LLC boosted its position in Buckle by 6.1% in the first quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company's stock valued at $401,000 after buying an additional 605 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after buying an additional 617 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in Buckle by 8.7% in the first quarter. Rafferty Asset Management LLC now owns 8,540 shares of the company's stock valued at $327,000 after buying an additional 682 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Buckle

In related news, Director John P. Peetz sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total transaction of $83,610.00. Following the sale, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. This represents a 5.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Shada sold 20,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the sale, the director owned 55,352 shares in the company, valued at $3,292,890.48. The trade was a 26.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,500 shares of company stock valued at $3,320,030. 39.80% of the stock is owned by corporate insiders.

Buckle Stock Performance

Shares of NYSE:BKE opened at $59.52 on Monday. The firm has a market cap of $3.04 billion, a PE ratio of 14.88 and a beta of 1.02. The firm's fifty day moving average is $53.13 and its 200-day moving average is $44.24. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.62.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The company had revenue of $305.74 million for the quarter, compared to analyst estimates of $292.61 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. Buckle's revenue was up 8.3% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 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 2.4%. The ex-dividend date is Wednesday, October 15th. Buckle's dividend payout ratio is presently 35.00%.

Analysts Set New Price Targets

BKE has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. UBS Group lifted their price target on shares of Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle presently has an average rating of "Hold" and a consensus target price of $54.00.

Buckle Company 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.

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