KLP Kapitalforvaltning AS Buys Shares of 12,500 The Buckle, Inc. (NYSE:BKE)

KLP Kapitalforvaltning AS purchased a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,500 shares of the company's stock, valued at approximately $635,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its position in Buckle by 5.7% during the third quarter. State Street Corp now owns 1,338,395 shares of the company's stock valued at $58,849,000 after acquiring an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock worth $65,352,000 after purchasing an additional 69,258 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Buckle by 12.0% during the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock valued at $47,636,000 after buying an additional 100,173 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Buckle by 4.8% in the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock worth $35,142,000 after buying an additional 36,472 shares during the period. Finally, Impala Asset Management LLC raised its holdings in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock worth $16,049,000 after buying an additional 110,273 shares during the period. Institutional investors own 53.93% of the company's stock.

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Analyst Ratings Changes

Several equities analysts have commented on the company. UBS Group cut their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total transaction of $835,709.58. Following the sale, the chief executive officer now owns 1,678,375 shares of the company's stock, valued at $68,578,402.50. This trade represents a 1.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 71,816 shares of company stock valued at $2,898,120 over the last ninety days. 39.80% of the stock is owned by company insiders.

Buckle Stock Performance

BKE traded down $0.12 during trading on Monday, hitting $35.85. 977,915 shares of the stock were exchanged, compared to its average volume of 438,313. The firm has a 50 day simple moving average of $40.67 and a 200 day simple moving average of $45.11. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 9.10 and a beta of 0.91. The Buckle, Inc. has a 1 year low of $33.75 and a 1 year high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $378.97 million. During the same quarter last year, the firm posted $1.59 earnings per share. The business's revenue for the quarter was down .8% on a year-over-year basis.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.91%. Buckle's payout ratio is presently 36.08%.

Buckle Company 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.