The Buckle, Inc. (NYSE:BKE) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. lessened its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 70.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,500 shares of the company's stock after selling 73,500 shares during the period. Hussman Strategic Advisors Inc. owned about 0.06% of Buckle worth $1,497,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Denali Advisors LLC raised its stake in shares of Buckle by 192.6% during the 4th quarter. Denali Advisors LLC now owns 111,250 shares of the company's stock worth $5,287,000 after buying an additional 73,232 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Buckle during the 4th quarter worth approximately $1,891,000. Pacer Advisors Inc. raised its stake in shares of Buckle by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company's stock worth $54,591,000 after buying an additional 288,056 shares during the period. Brandywine Global Investment Management LLC raised its stake in shares of Buckle by 11.9% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 150,402 shares of the company's stock worth $5,022,000 after buying an additional 16,016 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of Buckle during the 4th quarter worth approximately $256,000. Hedge funds and other institutional investors own 53.93% of the company's stock.

Buckle Price Performance

NYSE BKE traded up $0.09 during mid-day trading on Monday, hitting $36.68. The stock had a trading volume of 285,624 shares, compared to its average volume of 459,719. The firm's 50 day moving average is $38.80 and its 200 day moving average is $38.80. The Buckle, Inc. has a twelve month low of $30.18 and a twelve month high of $48.15. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.32 and a beta of 1.23.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The company reported $1.59 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 firm had revenue of $382.40 million during the quarter, compared to the consensus estimate of $383.63 million. During the same period in the prior year, the company earned $1.76 EPS. The firm's revenue was down 4.8% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.82%. Buckle's dividend payout ratio is presently 31.75%.

Analysts Set New Price Targets

BKE has been the subject of several research analyst reports. UBS Group downgraded Buckle from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $37.00 to $34.00 in a research note on Friday, January 5th. StockNews.com raised Buckle from a "hold" rating to a "buy" rating in a research note on Monday, April 15th.

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.