Bryce Point Capital LLC Invests $1.69 Million in The Buckle, Inc. (NYSE:BKE)

Bryce Point Capital LLC bought a new position in The Buckle, Inc. (NYSE:BKE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 33,198 shares of the company's stock, valued at approximately $1,687,000. Bryce Point Capital LLC owned 0.07% of Buckle at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Buckle in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew 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 worth $42,000 after buying an additional 601 shares during the last quarter. Quarry LP increased its position in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after buying an additional 355 shares in the last quarter. Blue Trust Inc. increased its position in Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after buying an additional 585 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after buying an additional 240 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BKE. UBS Group cut their target price on 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.

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Buckle Price Performance

NYSE BKE traded down $0.89 during mid-day trading on Monday, reaching $35.08. The stock had a trading volume of 344,665 shares, compared to its average volume of 579,218. The company has a fifty day moving average price of $40.89 and a 200 day moving average price of $45.17. The Buckle, Inc. has a 1 year low of $33.75 and a 1 year high of $54.25. The stock has a market cap of $1.78 billion, a PE ratio of 8.90 and a beta of 0.91.

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. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm had revenue of $379.20 million for the quarter, compared to the consensus estimate of $378.97 million. During the same period in the prior year, the company posted $1.59 earnings per share. The company's quarterly revenue was down .8% on a year-over-year basis.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.99%. Buckle's dividend payout ratio is presently 36.08%.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 71,816 shares of company stock valued at $2,898,120 over the last three months. Insiders own 39.80% of the company's stock.

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.