Two Sigma Advisers LP Sells 15,811 Shares of The Buckle, Inc. (NYSE:BKE)

Two Sigma Advisers LP decreased its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 48.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,000 shares of the company's stock after selling 15,811 shares during the quarter. Two Sigma Advisers LP's holdings in Buckle were worth $864,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Balyasny Asset Management L.P. increased its holdings 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 valued at $14,987,000 after acquiring an additional 247,019 shares in the last quarter. Nuveen Asset Management LLC grew 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 position in shares of Buckle by 442.8% during the 4th quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company's stock valued at $9,677,000 after buying an additional 155,366 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock valued at $84,518,000 after buying an additional 137,972 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock valued at $47,636,000 after buying an additional 100,173 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Wall Street Analyst Weigh In

BKE has been the topic of several recent research reports. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd.

Buckle Trading Up 1.2%

Shares of BKE stock traded up $0.51 during mid-day trading on Thursday, reaching $42.62. The stock had a trading volume of 483,731 shares, compared to its average volume of 472,890. The business's fifty day moving average is $37.73 and its 200-day moving average is $43.23. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 10.82 and a beta of 0.94. 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 issued its quarterly earnings data on Friday, May 23rd. The company reported $0.70 EPS for the quarter, beating 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 company had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. During the same period last 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 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 paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 annualized dividend and a yield of 3.28%. Buckle's payout ratio is 35.99%.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 30,678 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 1,675,657 shares of the company's stock, valued at $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 is available at the SEC website. Insiders sold 94,358 shares of company stock valued at $3,706,836 in the last three months. 39.00% of the stock is owned by corporate insiders.

Buckle Company 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.