Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Buckle, Inc. (The) (NYSE:BKE)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 9,908 shares of the company's stock, valued at approximately $380,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Buckle by 12.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock valued at $926,000 after purchasing an additional 2,727 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Buckle by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock valued at $6,335,000 after buying an additional 3,688 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Buckle by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after buying an additional 2,127 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Buckle by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after buying an additional 571 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Buckle by 13,565.4% in the 1st quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock valued at $712,000 after buying an additional 18,449 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 topic of several recent research reports. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group reiterated a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th.

Insider Buying and Selling

In other news, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total transaction of $1,744,303.80. Following the completion of the sale, the chief executive officer owned 1,706,335 shares in the company, valued at approximately $67,775,626.20. This represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James E. Shada sold 10,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the sale, the director directly owned 85,352 shares in the company, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,046 shares of company stock valued at $4,377,425 over the last three months. Corporate insiders own 39.00% of the company's stock.

Buckle Trading Up 2.5%

Shares of BKE traded up $1.28 during mid-day trading on Thursday, hitting $53.02. The company's stock had a trading volume of 311,905 shares, compared to its average volume of 531,339. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The firm has a market capitalization of $2.71 billion, a P/E ratio of 13.63 and a beta of 1.05. The firm has a 50-day simple moving average of $46.45 and a 200 day simple moving average of $42.00.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The firm had revenue of $272.12 million for the quarter, compared to analysts' expectations of $264.28 million. During the same quarter last year, the firm earned $0.70 earnings per share. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's dividend payout ratio is 35.99%.

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.