Asset Management One Co. Ltd. Invests $1.89 Million in The Buckle, Inc. (NYSE:BKE)

Asset Management One Co. Ltd. purchased a new stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 39,407 shares of the company's stock, valued at approximately $1,891,000. Asset Management One Co. Ltd. owned 0.08% of Buckle as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Planned Solutions Inc. bought a new stake in shares of Buckle during the 4th quarter valued at about $44,000. Covestor Ltd lifted its position in shares of Buckle by 2,840.6% during the 1st quarter. Covestor Ltd now owns 941 shares of the company's stock valued at $31,000 after buying an additional 909 shares in the last quarter. Gladius Capital Management LP lifted its position in shares of Buckle by 408.3% during the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company's stock valued at $33,000 after buying an additional 788 shares in the last quarter. Quarry LP lifted its position in shares of Buckle by 733.1% during the 1st quarter. Quarry LP now owns 1,483 shares of the company's stock valued at $53,000 after buying an additional 1,305 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company's stock valued at $51,000 after buying an additional 573 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Buckle Price Performance

Shares of BKE stock traded down $0.91 during trading hours on Friday, reaching $36.83. 287,228 shares of the company traded hands, compared to its average volume of 418,206. The firm has a 50-day moving average price of $39.06 and a 200 day moving average price of $38.60. The Buckle, Inc. has a 12-month low of $30.18 and a 12-month high of $48.15. The company has a market cap of $1.87 billion, a P/E ratio of 8.35 and a beta of 1.23.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, March 15th. The company reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.15. Buckle had a return on equity of 50.88% and a net margin of 17.44%. The company had revenue of $382.40 million for the quarter, compared to analysts' expectations of $383.63 million. During the same period in the previous year, the firm earned $1.76 EPS. The firm's revenue was down 4.8% compared to the same quarter last year.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.40 dividend on an annualized basis and a yield of 3.80%. Buckle's dividend payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BKE. StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a research report on Wednesday, March 20th. UBS Group cut Buckle from a "neutral" rating to a "sell" rating and lowered their price objective for the company from $37.00 to $34.00 in a research report on Friday, January 5th.

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