RK Asset Management LLC Has $8.36 Million Stake in The Buckle, Inc. (NYSE:BKE)

RK Asset Management LLC cut its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 218,156 shares of the company's stock after selling 7,873 shares during the period. Buckle makes up 7.7% of RK Asset Management LLC's holdings, making the stock its 2nd biggest holding. RK Asset Management LLC owned 0.43% of Buckle worth $8,360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKE. SG Americas Securities LLC grew its holdings in Buckle by 137.2% during the fourth quarter. SG Americas Securities LLC now owns 21,327 shares of the company's stock worth $1,084,000 after buying an additional 12,334 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Buckle by 11.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 9,687 shares of the company's stock worth $492,000 after acquiring an additional 980 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after acquiring an additional 585 shares in the last quarter. KBC Group NV raised its holdings in shares of Buckle by 72.1% in the fourth quarter. KBC Group NV now owns 1,773 shares of the company's stock valued at $90,000 after purchasing an additional 743 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Buckle by 20.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,650 shares of the company's stock valued at $1,116,000 after purchasing an additional 3,616 shares during the last quarter. 53.93% of the stock is owned by institutional investors.

Buckle Trading Down 1.7%

Shares of NYSE:BKE traded down $0.75 during midday trading on Friday, reaching $42.60. The company had a trading volume of 497,550 shares, compared to its average volume of 471,458. The stock has a market cap of $2.18 billion, a P/E ratio of 10.81 and a beta of 0.94. The company's 50 day moving average price is $37.43 and its 200 day moving average price is $43.39. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its 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 for 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. The company's quarterly revenue was up 3.7% on a year-over-year basis.

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 issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is 35.99%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd.

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 30,678 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $40.57, for a total transaction of $1,244,606.46. Following the completion of the transaction, the chief executive officer now owns 1,675,657 shares in the company, valued at approximately $67,981,404.49. This represents a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 109,698 shares of company stock valued at $4,312,919 over the last ninety days. 39.00% of the stock is currently owned by insiders.

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.