Northern Trust Corp Buys 23,002 Shares of The Buckle, Inc. (NYSE:BKE)

Northern Trust Corp lifted its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 385,627 shares of the company's stock after acquiring an additional 23,002 shares during the period. Northern Trust Corp owned about 0.76% of Buckle worth $19,594,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BKE. SBI Securities Co. Ltd. purchased a new position in Buckle during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC grew its position in Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in Buckle in the fourth quarter valued at approximately $43,000. Blue Trust Inc. lifted its stake in 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 acquiring an additional 585 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in 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 acquiring an additional 240 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Stock Performance

Shares of Buckle stock traded down $0.09 on Monday, reaching $41.34. The stock had a trading volume of 293,130 shares, compared to its average volume of 461,402. The stock has a market cap of $2.11 billion, a P/E ratio of 10.49 and a beta of 0.94. The Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The business's 50-day moving average price is $36.72 and its two-hundred day moving average price is $43.57.

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

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is presently 36.08%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 15,340 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the sale, the chief executive officer now owns 1,663,035 shares of the company's stock, valued at approximately $65,706,512.85. This represents a 0.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 130,151 shares of company stock valued at $5,148,629 in the last 90 days. 39.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group reiterated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Thursday.

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.