The Buckle, Inc. (NYSE:BKE) Stock Position Lowered by Rhumbline Advisers

Rhumbline Advisers lessened its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,684 shares of the company's stock after selling 25,670 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Buckle worth $3,705,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Buckle in the 4th quarter valued at approximately $31,000. Caption Management LLC acquired a new position in Buckle in the 4th quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its stake in Buckle by 268.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after buying an additional 601 shares during the period. Bellwether Advisors LLC acquired a new position in Buckle in the 4th quarter valued at approximately $43,000. Finally, Blue Trust Inc. increased its stake in Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after buying an additional 585 shares during the period. Hedge funds and other institutional investors own 53.93% of the company's stock.

Buckle Trading Down 2.3%

NYSE BKE opened at $42.65 on Friday. The company has a fifty day simple moving average of $38.60 and a 200 day simple moving average of $42.94. The company has a market cap of $2.18 billion, a P/E ratio of 10.82 and a beta of 1.03. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.05. The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 EPS.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.99%.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 2,320 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $36.31, for a total value of $84,239.20. Following the completion of the sale, the chief executive officer now directly owns 1,743,375 shares of the company's stock, valued at $63,301,946.25. This represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 114,811 shares of company stock valued at $4,596,951 in the last ninety days. Company insiders own 39.00% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on BKE. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd. UBS Group reiterated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.

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.

Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Buckle, Inc. (NYSE:BKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.