Tidal Investments LLC Takes $1.51 Million Position in The Buckle, Inc. (NYSE:BKE)

Tidal Investments LLC acquired a new position in The Buckle, Inc. (NYSE:BKE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,762 shares of the company's stock, valued at approximately $1,512,000. Tidal Investments LLC owned 0.06% of Buckle at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. lifted its position in shares of Buckle by 515.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company's stock worth $14,987,000 after acquiring an additional 247,019 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Buckle by 180.6% during the 4th 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 during the period. Teacher Retirement System of Texas lifted its holdings in Buckle by 442.8% during 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 boosted 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 during the period. Finally, American Century Companies Inc. boosted 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 during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKE has been the subject of several analyst reports. UBS Group restated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Buckle Stock Performance

NYSE BKE traded down $0.06 during trading hours on Thursday, hitting $43.10. The company had a trading volume of 91,681 shares, compared to its average volume of 468,971. The Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25. The firm has a 50 day simple moving average of $37.32 and a 200 day simple moving average of $43.44. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.93 and a beta of 0.94.

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

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.25%. Buckle's dividend payout ratio (DPR) is presently 36.08%.

Insider Activity

In other news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the completion of the sale, the chief executive officer now owns 1,647,695 shares in the company, valued at approximately $59,844,282.40. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders sold 109,698 shares of company stock worth $4,312,919. 39.00% of the stock is currently owned by insiders.

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.