The Buckle, Inc. (NYSE:BKE) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. lifted its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,541 shares of the company's stock after acquiring an additional 5,771 shares during the period. Redhawk Wealth Advisors Inc.'s holdings in Buckle were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management L.P. increased 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 lifted its stake 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. Teacher Retirement System of Texas lifted its stake in Buckle by 442.8% in the 4th quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company's stock worth $9,677,000 after purchasing an additional 155,366 shares in the last quarter. First Trust Advisors LP lifted its stake in 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 purchasing an additional 137,972 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Buckle by 12.0% in the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock worth $47,636,000 after purchasing an additional 100,173 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Dennis H. Nelson sold 15,340 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the sale, the chief executive officer now directly owns 1,647,695 shares of the company's stock, valued at approximately $59,844,282.40. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 114,811 shares of company stock valued at $4,596,951. Insiders own 39.00% of the company's stock.

Buckle Stock Down 2.3%

BKE traded down $1.00 on Friday, reaching $42.65. The company had a trading volume of 420,385 shares, compared to its average volume of 473,444. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25. The stock has a market capitalization of $2.18 billion, a PE ratio of 10.82 and a beta of 1.03. The stock has a 50-day moving average price of $38.60 and a 200-day moving average price of $42.89.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. During the same period in the previous year, the company earned $0.70 earnings per share. Buckle's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.28%. Buckle's payout ratio is 35.99%.

Analysts Set New Price Targets

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

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.