Barclays PLC Buys 18,128 Shares of The Buckle, Inc. (NYSE:BKE)

Barclays PLC grew its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 31.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,666 shares of the company's stock after purchasing an additional 18,128 shares during the period. Barclays PLC owned approximately 0.15% of Buckle worth $3,844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Buckle by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company's stock worth $6,852,000 after buying an additional 5,185 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock worth $65,352,000 after acquiring an additional 69,258 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Buckle during the 4th quarter worth about $31,000. Nisa Investment Advisors LLC grew its holdings in Buckle by 43.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 25,169 shares of the company's stock valued at $1,279,000 after purchasing an additional 7,570 shares during the last quarter. Finally, Entropy Technologies LP purchased a new stake in Buckle in the 4th quarter worth about $380,000. Hedge funds and other institutional investors own 53.93% of the company's stock.

Analysts Set New Price Targets

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

Buckle Price Performance

Shares of BKE opened at $34.88 on Monday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The company has a 50-day moving average of $37.34 and a 200 day moving average of $44.21.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. The firm 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%. Buckle's quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle's dividend payout ratio (DPR) is presently 36.08%.

Insider Buying and Selling

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the sale, the chief executive officer now owns 1,678,375 shares in the company, valued at approximately $68,578,402.50. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 76,011 shares of company stock valued at $3,047,788 over the last three months. 39.80% of the stock is owned by company insiders.

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.

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