XTX Topco Ltd Makes New $716,000 Investment in Buckle, Inc. (The) (NYSE:BKE)

Key Points

• XTX Topco Ltd made a significant new investment of $716,000 in Buckle, Inc. by purchasing 18,684 shares in the first quarter.
• Recent trades by insiders, including the sale of 43,915 shares by CEO Dennis H. Nelson, indicate a 2.51% decrease in executive ownership of the company.
• Buckle recently announced a quarterly dividend of $0.35 per share, equating to an annualized yield of 2.7%.

XTX Topco Ltd purchased a new position in Buckle, Inc. (The) (NYSE:BKE - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 18,684 shares of the company's stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Banque Cantonale Vaudoise purchased a new position in shares of Buckle in the first quarter worth $232,000. GSA Capital Partners LLP raised its holdings in shares of Buckle by 239.3% in the first quarter. GSA Capital Partners LLP now owns 37,212 shares of the company's stock worth $1,426,000 after buying an additional 26,245 shares during the last quarter. Burney Co. raised its holdings in shares of Buckle by 6.1% in the first quarter. Burney Co. now owns 29,430 shares of the company's stock worth $1,128,000 after buying an additional 1,681 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Buckle in the first quarter worth $380,000. Finally, Optimist Retirement Group LLC raised its holdings in shares of Buckle by 6.1% during the first quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company's stock worth $401,000 after purchasing an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 43,915 shares of Buckle stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total value of $1,744,303.80. Following the sale, the chief executive officer owned 1,706,335 shares in the company, valued at $67,775,626.20. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James E. Shada sold 10,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the completion of the transaction, the director owned 85,352 shares in the company, valued at $4,253,943.68. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,046 shares of company stock valued at $4,377,425 in the last ninety days. 39.80% of the stock is owned by corporate insiders.

Buckle Trading Up 3.9%

Shares of NYSE:BKE opened at $51.17 on Tuesday. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $54.25. The company has a market capitalization of $2.62 billion, a PE ratio of 13.15 and a beta of 1.05. The business has a 50 day moving average of $46.13 and a two-hundred day moving average of $41.88.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) 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 company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. During the same period in the previous year, the company posted $0.70 earnings per share. Buckle's revenue for the quarter was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. Buckle's payout ratio is presently 35.99%.

About Buckle

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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