The Buckle, Inc. (NYSE:BKE) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,232,605 shares of the company's stock after selling 153,583 shares during the period. Vanguard Group Inc. owned approximately 8.39% of Buckle worth $141,327,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its holdings in Buckle by 2,840.6% during the first quarter. Covestor Ltd now owns 941 shares of the company's stock worth $31,000 after acquiring an additional 909 shares during the period. Gladius Capital Management LP grew its holdings in Buckle by 408.3% during the third quarter. Gladius Capital Management LP now owns 981 shares of the company's stock worth $33,000 after acquiring an additional 788 shares during the period. Captrust Financial Advisors boosted its position in Buckle by 58.3% during the first quarter. Captrust Financial Advisors now owns 1,556 shares of the company's stock worth $51,000 after purchasing an additional 573 shares in the last quarter. Quarry LP boosted its position in Buckle by 733.1% during the first quarter. Quarry LP now owns 1,483 shares of the company's stock worth $53,000 after purchasing an additional 1,305 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Buckle during the second quarter worth $60,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Price Performance

BKE traded down $0.78 during trading on Wednesday, reaching $38.30. 287,969 shares of the stock were exchanged, compared to its average volume of 487,594. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $48.15. The business's 50 day moving average price is $38.90 and its two-hundred day moving average price is $38.31. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.86 and a beta of 1.23.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.15. Buckle had a return on equity of 50.88% and a net margin of 17.44%. The business had revenue of $382.40 million for the quarter, compared to the consensus estimate of $383.63 million. During the same period in the prior year, the business earned $1.76 earnings per share. The business's revenue was down 4.8% on a year-over-year basis.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.66%. Buckle's dividend payout ratio is currently 31.75%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BKE shares. UBS Group downgraded Buckle from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $37.00 to $34.00 in a research report on Friday, January 5th. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a research report on Wednesday, March 20th.

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, Reclaim, BKE Vintage, Nova Industries, J.B.