Squarepoint Ops LLC grew its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 138.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,986 shares of the company's stock after purchasing an additional 72,652 shares during the quarter. Squarepoint Ops LLC owned approximately 0.25% of Buckle worth $6,351,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Buckle during the fourth quarter valued at $31,000. Caption Management LLC purchased a new stake in shares of Buckle during the fourth quarter valued at $36,000. Smartleaf Asset Management LLC boosted its stake in shares of Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares during the period. Bellwether Advisors LLC purchased a new stake in shares of Buckle during the fourth quarter valued at $43,000. Finally, Blue Trust Inc. boosted its stake in shares of Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BKE. UBS Group reissued a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.
Read Our Latest Stock Analysis on Buckle
Insider Buying and Selling
In related news, CEO Dennis H. Nelson sold 43,915 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total value of $1,744,303.80. Following the completion of the sale, the chief executive officer now directly owns 1,706,335 shares of the company's stock, valued at $67,775,626.20. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 109,698 shares of company stock valued at $4,312,919 over the last three months. 39.00% of the stock is owned by company insiders.
Buckle Stock Down 0.8%
NYSE:BKE traded down $0.35 during mid-day trading on Friday, reaching $43.00. The company's stock had a trading volume of 94,951 shares, compared to its average volume of 469,601. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25. The stock has a fifty day moving average of $37.38 and a 200-day moving average of $43.42. The firm has a market capitalization of $2.20 billion, a PE ratio of 10.91 and a beta of 0.94.
Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year.
Buckle Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is presently 35.99%.
Buckle Company Profile
(
Free Report)
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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