The Buckle, Inc. (NYSE:BKE) Shares Sold by Summit Street Capital Management LLC

Summit Street Capital Management LLC cut its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 14.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,892 shares of the company's stock after selling 30,369 shares during the quarter. Buckle makes up approximately 3.3% of Summit Street Capital Management LLC's holdings, making the stock its 10th biggest holding. Summit Street Capital Management LLC owned about 0.36% of Buckle worth $9,293,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after acquiring an additional 240 shares during the period. Unison Advisors LLC increased its position in shares of Buckle by 0.8% during the fourth quarter. Unison Advisors LLC now owns 38,166 shares of the company's stock worth $1,939,000 after acquiring an additional 307 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of Buckle by 1.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company's stock worth $1,666,000 after acquiring an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after acquiring an additional 571 shares during the period. Finally, Blue Trust Inc. increased its position in shares of 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 acquiring an additional 585 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the sale, the chief executive officer now directly owns 1,678,375 shares in the company, valued at $68,578,402.50. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 130,151 shares of company stock worth $5,148,629 over the last three months. Corporate insiders own 39.00% of the company's stock.

Buckle Stock Down 0.2%

Shares of NYSE BKE traded down $0.09 during midday trading on Tuesday, reaching $41.31. 384,429 shares of the company's stock traded hands, compared to its average volume of 461,898. The stock's 50 day simple moving average is $36.84 and its 200-day simple moving average is $43.55. The Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 10.48 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million for the quarter, compared to the consensus estimate of $378.97 million. During the same period last year, the firm earned $1.59 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Investors 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 yield of 3.39%. Buckle's payout ratio is 36.08%.

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.