Geode Capital Management LLC grew its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 2.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 815,688 shares of the company's stock after purchasing an additional 16,610 shares during the period. Geode Capital Management LLC owned approximately 1.61% of Buckle worth $41,454,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its stake in shares of Buckle by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after purchasing an additional 240 shares during the period. DGS Capital Management LLC boosted its position in Buckle by 6.8% during the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company's stock worth $314,000 after purchasing an additional 451 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 buying an additional 585 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Buckle by 268.3% during 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 during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Buckle in the 4th quarter worth about $31,000. 53.93% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Buckle
In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total transaction of $835,709.58. Following the completion of the sale, the chief executive officer now owns 1,678,375 shares in the company, valued at $68,578,402.50. This trade represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 74,036 shares of company stock valued at $2,977,557 in the last ninety days. Insiders own 39.80% of the company's stock.
Buckle Trading Up 1.8 %
Shares of NYSE BKE traded up $0.60 on Friday, reaching $34.58. 381,912 shares of the company traded hands, compared to its average volume of 449,748. The stock has a market capitalization of $1.77 billion, a PE ratio of 8.78 and a beta of 0.91. The Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The company has a 50 day moving average of $38.18 and a 200 day moving average of $44.47.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.09. The company had revenue of $379.20 million for the quarter, compared to the consensus estimate of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle's revenue was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 earnings per share.
Buckle Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.05%. The ex-dividend date is Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is 36.08%.
Analysts Set New Price Targets
Several analysts have issued reports on the stock. UBS Group reduced their price target on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Read Our Latest Research Report on Buckle
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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