Rhumbline Advisers cut its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 21.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,684 shares of the company's stock after selling 25,670 shares during the period. Rhumbline Advisers owned about 0.19% of Buckle worth $3,705,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKE. Blue Trust Inc. lifted 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 valued at $70,000 after acquiring an additional 585 shares during the last quarter. WealthPlan Investment Management LLC lifted its stake in shares of Buckle by 6.4% in the 4th quarter. WealthPlan Investment Management LLC now owns 11,447 shares of the company's stock valued at $582,000 after acquiring an additional 686 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Buckle by 8.1% in the 4th quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company's stock valued at $414,000 after acquiring an additional 609 shares during the last quarter. Monument Capital Management lifted its stake in shares of Buckle by 36.8% in the 4th quarter. Monument Capital Management now owns 8,985 shares of the company's stock valued at $457,000 after acquiring an additional 2,419 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Buckle by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company's stock valued at $8,213,000 after acquiring an additional 6,000 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.
Buckle Trading Up 0.7%
NYSE:BKE traded up $0.32 during trading hours on Wednesday, hitting $44.83. 492,460 shares of the company were exchanged, compared to its average volume of 473,673. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.52 and a beta of 1.03. Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25. The company has a fifty day simple moving average of $39.14 and a 200 day simple moving average of $42.86.
Buckle (NYSE:BKE - Get Free Report) last announced its earnings results 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 analyst estimates of $264.28 million. Buckle had a return on equity of 43.13% and a net margin of 15.95%. Buckle's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS.
Buckle Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.99%.
Insider Buying and Selling
In other Buckle news, CEO Dennis H. Nelson sold 2,320 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the sale, the chief executive officer now directly owns 1,743,375 shares in the company, valued at approximately $63,301,946.25. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders sold a total of 99,471 shares of company stock valued at $4,039,802 in the last three months. Insiders own 39.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on BKE shares. Wall Street Zen upgraded 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.
Get Our Latest Analysis on Buckle
Buckle Profile
(
Free Report)
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.
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