Intech Investment Management LLC Has $3.78 Million Position in The Buckle, Inc. (NYSE:BKE)

Intech Investment Management LLC raised its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 190.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,418 shares of the company's stock after buying an additional 48,811 shares during the period. Intech Investment Management LLC owned 0.15% of Buckle worth $3,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKE. SBI Securities Co. Ltd. bought a new stake in Buckle during the fourth quarter worth $31,000. Smartleaf Asset Management LLC increased its stake in shares of Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after purchasing an additional 601 shares during the last quarter. Quarry LP raised its holdings in shares of Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after purchasing an additional 355 shares during the period. Blue Trust Inc. lifted its stake in Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after purchasing an additional 240 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Stock Performance

Shares of BKE stock traded up $0.86 during midday trading on Monday, hitting $39.91. 711,914 shares of the company were exchanged, compared to its average volume of 405,746. The Buckle, Inc. has a 52 week low of $34.67 and a 52 week high of $54.25. The firm has a market capitalization of $2.03 billion, a P/E ratio of 10.13 and a beta of 1.17. The firm's 50 day moving average price is $42.99 and its two-hundred day moving average price is $45.49.

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Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 analysts' expectations of $378.97 million. During the same quarter in the previous year, the company earned $1.59 EPS. The business's revenue was down .8% on a year-over-year basis.

Insider Activity

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total value of $888,069.26. Following the transaction, the chief executive officer now owns 1,698,828 shares in the company, valued at approximately $73,763,111.76. This trade represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 92,269 shares of company stock worth $3,952,882. Corporate insiders own 39.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on BKE. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group dropped their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research note 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.