Buckle, Inc. (The) (NYSE:BKE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB reduced its stake in Buckle, Inc. by 10.7%, selling 23,500 shares and ending the quarter with 196,200 shares valued at approximately $7.5 million.
• The company reported $0.70 earnings per share for the last quarter, exceeding analysts' expectations of $0.65, with revenues of $272.12 million compared to expected $264.28 million.
• Buckle also announced a quarterly dividend of $0.35 per share, representing a 2.85% dividend yield, with an upcoming payout on July 29th for stockholders of record on July 15th.

Skandinaviska Enskilda Banken AB publ lowered its position in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 196,200 shares of the company's stock after selling 23,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.38% of Buckle worth $7,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKE. Balyasny Asset Management L.P. boosted its stake in shares of Buckle by 515.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company's stock valued at $14,987,000 after purchasing an additional 247,019 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Buckle by 180.6% in the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock worth $14,466,000 after purchasing an additional 183,257 shares in the last quarter. First Trust Advisors LP grew its position in shares of Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after buying an additional 137,972 shares during the period. Norges Bank purchased a new position in shares of Buckle during the fourth quarter valued at approximately $4,909,000. Finally, Squarepoint Ops LLC grew its stake in shares of Buckle by 138.8% in the fourth quarter. Squarepoint Ops LLC now owns 124,986 shares of the company's stock worth $6,351,000 after acquiring an additional 72,652 shares during the last quarter. Institutional investors own 53.93% of the company's stock.

Insider Buying and Selling at Buckle

In other Buckle news, Director James E. Shada sold 10,000 shares of Buckle stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total value of $498,400.00. Following the transaction, the director owned 85,352 shares in the company, valued at $4,253,943.68. The trade was a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction dated 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 sale, the chief executive officer directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 105,046 shares of company stock valued at $4,377,425. Corporate insiders own 39.00% of the company's stock.

Buckle Stock Performance

BKE traded down $0.15 during trading on Thursday, hitting $49.23. 73,144 shares of the stock were exchanged, compared to its average volume of 532,547. The firm has a 50 day simple moving average of $45.61 and a 200 day simple moving average of $41.97. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 12.67 and a beta of 1.03. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The company had revenue of $272.12 million for the quarter, compared to analysts' expectations of $264.28 million. During the same period in the prior year, the business earned $0.70 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's payout ratio is 35.99%.

Analysts Set New Price Targets

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

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.