The Buckle, Inc. (NYSE:BKE) Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 24.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 65,021 shares of the company's stock after acquiring an additional 12,722 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Buckle worth $3,304,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKE. SBI Securities Co. Ltd. purchased a new stake in shares of Buckle during the fourth quarter valued at approximately $31,000. Caption Management LLC acquired a new position in Buckle in the 4th quarter worth $36,000. Smartleaf Asset Management LLC lifted its holdings in Buckle by 268.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after buying an additional 601 shares in the last quarter. Bellwether Advisors LLC purchased a new position in Buckle in the 4th quarter valued at about $43,000. Finally, Blue Trust Inc. grew its stake in shares of Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after acquiring an additional 585 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 2,320 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total transaction of $84,239.20. Following the sale, the chief executive officer now directly owns 1,743,375 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders have sold 94,358 shares of company stock valued at $3,706,836 over the last quarter. Insiders own 39.00% of the company's stock.

Buckle Trading Up 1.2%

Buckle stock traded up $0.53 during midday trading on Monday, hitting $43.84. The stock had a trading volume of 383,540 shares, compared to its average volume of 473,216. The business has a fifty day moving average price of $37.83 and a 200 day moving average price of $43.15. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The stock has a market cap of $2.24 billion, a P/E ratio of 11.13 and a beta of 1.03.

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

Buckle Announces Dividend

The firm also recently disclosed 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 3.19%. Buckle's dividend payout ratio (DPR) is 35.99%.

Analysts Set New Price Targets

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

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.