Blueshift Asset Management LLC purchased a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,080 shares of the company's stock, valued at approximately $766,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in Buckle in the fourth quarter valued at approximately $31,000. Quarry LP increased its position in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after buying an additional 355 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after buying an additional 601 shares during the period. Blue Trust Inc. raised its stake in Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after buying an additional 585 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in Buckle in the third quarter valued at $86,000. Institutional investors and hedge funds own 53.93% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on BKE shares. UBS Group decreased their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
View Our Latest Stock Analysis on Buckle
Buckle Stock Performance
Buckle stock traded up $0.86 during mid-day trading on Monday, reaching $39.91. The stock had a trading volume of 711,914 shares, compared to its average volume of 405,746. The firm has a market capitalization of $2.03 billion, a PE ratio of 10.13 and a beta of 1.17. The stock's 50-day simple moving average is $42.76 and its 200-day simple moving average is $45.47. The Buckle, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $54.25.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping 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 last year, the company posted $1.59 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year.
Insider Buying and Selling at Buckle
In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the sale, the chief executive officer now directly owns 1,739,734 shares of the company's stock, valued at $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 92,269 shares of company stock valued at $3,952,882 in the last three months. Company insiders own 39.80% of the company's stock.
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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