The Buckle, Inc. (NYSE:BKE) Stock Holdings Trimmed by Summit Street Capital Management LLC

Summit Street Capital Management LLC trimmed its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 182,892 shares of the company's stock after selling 30,369 shares during the period. Buckle makes up approximately 3.3% of Summit Street Capital Management LLC's portfolio, making the stock its 10th biggest holding. Summit Street Capital Management LLC owned approximately 0.36% of Buckle worth $9,293,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Man Group plc bought a new stake in shares of Buckle during the 4th quarter worth $315,000. Nuveen Asset Management LLC raised its position in Buckle by 180.6% during the fourth quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock valued at $14,466,000 after purchasing an additional 183,257 shares in the last quarter. Millennium Management LLC raised its position in Buckle by 343.5% during the fourth quarter. Millennium Management LLC now owns 86,358 shares of the company's stock valued at $4,388,000 after purchasing an additional 66,886 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 purchasing an additional 571 shares during the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of Buckle in the 4th quarter worth about $660,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Dennis H. Nelson sold 15,340 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $39.51, for a total value of $606,083.40. Following the sale, the chief executive officer now directly owns 1,663,035 shares of the company's stock, valued at $65,706,512.85. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 130,151 shares of company stock valued at $5,148,629. Insiders own 39.00% of the company's stock.

Buckle Stock Performance

BKE stock traded down $0.03 during trading on Friday, hitting $41.37. 266,026 shares of the company traded hands, compared to its average volume of 463,285. The company has a 50-day moving average of $37.01 and a 200-day moving average of $43.52. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25. The firm has a market capitalization of $2.12 billion, a PE ratio of 10.45 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, beating analysts' consensus estimates of $0.65 by $0.05. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Tuesday, April 15th. Buckle's payout ratio is 36.08%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. UBS Group restated a "neutral" rating on shares of Buckle in a research report 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.

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.