Northern Trust Corp Grows Stock Position in The Buckle, Inc. (NYSE:BKE)

Northern Trust Corp lifted its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 385,627 shares of the company's stock after buying an additional 23,002 shares during the quarter. Northern Trust Corp owned approximately 0.76% of Buckle worth $19,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new position in Buckle in the 4th quarter valued at about $43,000. Nebula Research & Development LLC raised its stake in Buckle by 27.0% in the 4th quarter. Nebula Research & Development LLC now owns 16,745 shares of the company's stock valued at $851,000 after purchasing an additional 3,562 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in 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 purchasing an additional 2,127 shares during the last quarter. Dark Forest Capital Management LP raised its stake in Buckle by 31.0% in the 4th quarter. Dark Forest Capital Management LP now owns 8,369 shares of the company's stock valued at $425,000 after purchasing an additional 1,981 shares during the last quarter. Finally, State of Tennessee Department of Treasury raised its stake in Buckle by 46.6% in the 4th quarter. State of Tennessee Department of Treasury now owns 22,631 shares of the company's stock valued at $1,150,000 after purchasing an additional 7,189 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Analysts Set New Price Targets

BKE has been the subject of several analyst reports. UBS Group reissued a "neutral" rating on shares of Buckle in a research note on Wednesday. StockNews.com raised shares of Buckle from a "hold" rating to a "buy" rating in a research note on Thursday.

Insider Activity

In other news, CEO Dennis H. Nelson sold 15,340 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the sale, the chief executive officer now owns 1,663,035 shares in the company, valued at approximately $65,706,512.85. The trade was a 0.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 130,151 shares of company stock valued at $5,148,629 in the last 90 days. 39.80% of the stock is currently owned by insiders.

Buckle Trading Up 1.2%

Shares of NYSE BKE traded up $0.49 on Friday, reaching $41.33. 424,207 shares of the company traded hands, compared to its average volume of 461,097. 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 $36.61 and a 200 day moving average of $43.56. The stock has a market capitalization of $2.11 billion, a PE ratio of 10.49 and a beta of 0.94.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same quarter in the prior year, the company posted $1.59 EPS. The company's quarterly revenue was down .8% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend was Tuesday, April 15th. Buckle's dividend payout ratio is currently 36.08%.

Buckle Company 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.