Raymond James Financial Inc. bought a new position in The Buckle, Inc. (NYSE:BKE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,270 shares of the company's stock, valued at approximately $623,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Buckle during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in shares of Buckle by 268.3% in the 4th 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. Blue Trust Inc. raised its stake in shares of Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after purchasing an additional 240 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Buckle by 72.1% in the 4th quarter. KBC Group NV now owns 1,773 shares of the company's stock valued at $90,000 after purchasing an additional 743 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total value of $888,069.26. Following the completion of the transaction, the chief executive officer now owns 1,698,828 shares in the company, valued at approximately $73,763,111.76. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 76,011 shares of company stock worth $3,047,788. Insiders own 39.00% of the company's stock.
Buckle Price Performance
Shares of NYSE:BKE traded up $2.33 during trading on Monday, reaching $39.24. 320,570 shares of the company's stock traded hands, compared to its average volume of 457,387. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The company has a 50 day moving average of $36.39 and a 200-day moving average of $43.67. The stock has a market capitalization of $2.01 billion, a P/E ratio of 9.93 and a beta of 0.94.
Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share 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 business 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 firm earned $1.59 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year.
Buckle Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.57%. The ex-dividend date was Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is 36.08%.
Wall Street Analyst Weigh In
BKE has been the topic of a number of recent analyst reports. UBS Group cut their target price on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
View Our Latest Stock Report on BKE
About Buckle
(
Free Report)
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.
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