Dynamic Technology Lab Private Ltd Makes New Investment in The Buckle, Inc. (NYSE:BKE)

Dynamic Technology Lab Private Ltd acquired a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,340 shares of the company's stock, valued at approximately $525,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Buckle in the 4th 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 valued at $42,000 after buying an additional 601 shares during the period. Quarry LP increased its stake in Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after acquiring an additional 355 shares during the last quarter. Blue Trust Inc. increased its position in shares of Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after purchasing an additional 585 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of 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 acquiring an additional 240 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Price Performance

Shares of NYSE:BKE traded down $0.49 on Friday, reaching $34.87. The company's stock had a trading volume of 787,278 shares, compared to its average volume of 447,652. The stock's 50-day moving average is $39.18 and its two-hundred day moving average is $44.76. The stock has a market capitalization of $1.78 billion, a P/E ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25.

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Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 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 the consensus estimate of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm's revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 earnings per share.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle's dividend payout ratio is currently 36.08%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 2,320 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the transaction, the chief executive officer now directly owns 1,743,375 shares of the company's stock, valued at $63,301,946.25. This trade represents a 0.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 74,136 shares of company stock valued at $2,982,360. Insiders own 39.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BKE shares. StockNews.com lowered shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group lowered their target price on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th.

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.