Denali Advisors LLC Sells 14,700 Shares of The Buckle, Inc. (NYSE:BKE)

Denali Advisors LLC cut its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,228 shares of the company's stock after selling 14,700 shares during the period. Buckle comprises approximately 0.8% of Denali Advisors LLC's holdings, making the stock its 25th largest holding. Denali Advisors LLC owned approximately 0.28% of Buckle worth $7,227,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Blue Trust Inc. lifted its holdings in Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company's stock worth $35,000 after buying an additional 270 shares in the last quarter. Quarry LP lifted its holdings in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after buying an additional 355 shares in the last quarter. KBC Group NV lifted its holdings in Buckle by 72.1% during the 4th quarter. KBC Group NV now owns 1,773 shares of the company's stock worth $90,000 after buying an additional 743 shares in the last quarter. Quest Partners LLC acquired a new position in Buckle during the 3rd quarter worth $86,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Buckle during the 4th quarter worth $110,000. 53.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $53.18, for a total value of $1,087,690.54. Following the completion of the sale, the chief executive officer now directly owns 1,781,640 shares of the company's stock, valued at $94,747,615.20. This represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John P. Peetz sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.70, for a total value of $129,250.00. Following the sale, the director now directly owns 22,123 shares of the company's stock, valued at approximately $1,143,759.10. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,995 shares of company stock valued at $6,103,061 in the last ninety days. 39.80% of the stock is owned by insiders.

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Buckle Trading Up 2.2 %

Shares of BKE stock traded up $0.87 on Friday, reaching $40.04. The company had a trading volume of 676,127 shares, compared to its average volume of 475,196. The stock has a market cap of $2.03 billion, a PE ratio of 10.16 and a beta of 1.14. The company has a 50-day moving average of $47.00 and a 200-day moving average of $45.91. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25.

Buckle Cuts Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were paid a $2.50 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle's dividend payout ratio (DPR) is presently 35.53%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a report on Tuesday. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.

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.