Advisors Asset Management Inc. Decreases Holdings in The Buckle, Inc. (NYSE:BKE)

Advisors Asset Management Inc. trimmed its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,156 shares of the company's stock after selling 8,242 shares during the quarter. Advisors Asset Management Inc. owned 0.58% of Buckle worth $14,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Impala Asset Management LLC grew its stake in Buckle by 43.3% during the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock valued at $16,049,000 after purchasing an additional 110,273 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Buckle in the 3rd quarter worth about $691,000. Geode Capital Management LLC raised its holdings in Buckle by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock worth $35,142,000 after purchasing an additional 36,472 shares during the period. Maverick Capital Ltd. acquired a new position in Buckle in the 3rd quarter worth about $1,629,000. Finally, JPMorgan Chase & Co. raised its holdings in Buckle by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company's stock worth $6,852,000 after purchasing an additional 5,185 shares during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Up 1.8 %

Shares of Buckle stock traded up $0.70 during mid-day trading on Friday, reaching $39.04. 3,704,145 shares of the stock traded hands, compared to its average volume of 403,965. The business has a 50-day moving average of $42.99 and a 200 day moving average of $45.43. The Buckle, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $54.25. The stock has a market capitalization of $1.98 billion, a PE ratio of 9.91 and a beta of 1.17.

Remove Ads

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm's revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 earnings per share.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the transaction, the chief executive officer now owns 1,647,695 shares in the company, valued at $59,844,282.40. The trade was a 0.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 92,269 shares of company stock worth $3,952,882. Corporate insiders own 39.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKE. UBS Group reduced their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday. StockNews.com cut Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.