Vest Financial LLC cut its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,743 shares of the company's stock after selling 9,308 shares during the quarter. Vest Financial LLC owned approximately 0.08% of Buckle worth $1,485,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in BKE. Viking Fund Management LLC purchased a new stake in shares of Buckle during the first quarter valued at about $115,000. GAMMA Investing LLC increased its holdings in Buckle by 13,565.4% in the 1st quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock worth $712,000 after buying an additional 18,449 shares during the period. Novem Group acquired a new position in Buckle in the 4th quarter worth approximately $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Buckle by 24.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,021 shares of the company's stock worth $3,304,000 after buying an additional 12,722 shares during the period. Finally, Squarepoint Ops LLC increased its holdings in Buckle by 138.8% in the 4th quarter. Squarepoint Ops LLC now owns 124,986 shares of the company's stock worth $6,351,000 after buying an additional 72,652 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on BKE. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.
Get Our Latest Analysis on Buckle
Insider Buying and Selling
In related 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 value of $1,244,606.46. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have sold 94,358 shares of company stock worth $3,706,836. Company insiders own 39.00% of the company's stock.
Buckle Price Performance
NYSE BKE opened at $43.28 on Friday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 10.98 and a beta of 0.94. The firm's 50-day moving average is $37.83 and its two-hundred day moving average is $43.18. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The business's revenue for the quarter was up 3.7% compared to the same quarter last year.
Buckle Dividend Announcement
The company 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 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%.
Buckle Profile
(
Free Report)
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.
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