UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 12,722 Shares of The Buckle, Inc. (NYSE:BKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 24.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,021 shares of the company's stock after purchasing an additional 12,722 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Buckle worth $3,304,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in shares of Buckle during the fourth quarter valued at $31,000. Caption Management LLC bought a new stake in Buckle in the fourth quarter valued at about $36,000. Smartleaf Asset Management LLC increased its holdings in Buckle by 268.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares during the last quarter. Bellwether Advisors LLC bought a new stake in Buckle in the fourth quarter valued at about $43,000. Finally, Blue Trust Inc. increased its holdings in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Wall Street Analyst Weigh In

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

Buckle Trading Up 1.4%

Shares of BKE stock traded up $0.58 on Friday, hitting $43.28. 467,028 shares of the stock were exchanged, compared to its average volume of 473,456. The firm has a market capitalization of $2.21 billion, a P/E ratio of 10.98 and a beta of 0.94. The business has a 50-day moving average of $37.83 and a 200 day moving average of $43.20. The Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. Buckle's payout ratio is 35.99%.

Insider Activity

In other news, CEO Dennis H. Nelson sold 43,915 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total value of $1,744,303.80. Following the completion of the sale, the chief executive officer now directly owns 1,706,335 shares of the company's stock, valued at $67,775,626.20. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 94,358 shares of company stock valued at $3,706,836 over the last three months. Insiders own 39.00% of the company's stock.

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.