Balyasny Asset Management L.P. Has $14.99 Million Stock Position in The Buckle, Inc. (NYSE:BKE)

Balyasny Asset Management L.P. increased its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 515.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 294,953 shares of the company's stock after purchasing an additional 247,019 shares during the quarter. Balyasny Asset Management L.P. owned 0.58% of Buckle worth $14,987,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Buckle by 2.2% during the fourth quarter. BNP Paribas Financial Markets now owns 90,181 shares of the company's stock worth $4,582,000 after acquiring an additional 1,926 shares during the period. Northern Trust Corp increased its position in shares of Buckle by 6.3% during the 4th quarter. Northern Trust Corp now owns 385,627 shares of the company's stock worth $19,594,000 after purchasing an additional 23,002 shares during the last quarter. Bellwether Advisors LLC bought a new stake in shares of Buckle during the 4th quarter worth approximately $43,000. Nebula Research & Development LLC boosted its holdings in shares of Buckle by 27.0% in the 4th quarter. Nebula Research & Development LLC now owns 16,745 shares of the company's stock valued at $851,000 after buying an additional 3,562 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Buckle by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after buying an additional 2,127 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BKE. StockNews.com lowered shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group cut their target price on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th.

Insider Activity at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total transaction of $835,709.58. Following the transaction, the chief executive officer now owns 1,678,375 shares in the company, valued at $68,578,402.50. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 76,011 shares of company stock worth $3,047,788 in the last ninety days. 39.00% of the stock is owned by company insiders.

Buckle Price Performance

BKE stock traded down $0.04 during midday trading on Friday, reaching $36.95. 328,888 shares of the company were exchanged, compared to its average volume of 457,860. The Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 9.38 and a beta of 0.94. The business has a 50-day moving average price of $36.39 and a two-hundred day moving average price of $43.67.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.09. The firm had revenue of $379.20 million for 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 revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $1.40 annualized dividend and a yield of 3.79%. Buckle's payout ratio is currently 36.08%.

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.