Nisa Investment Advisors LLC Raises Position in The Buckle, Inc. (NYSE:BKE)

Nisa Investment Advisors LLC boosted its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,169 shares of the company's stock after acquiring an additional 7,570 shares during the quarter. Nisa Investment Advisors LLC's holdings in Buckle were worth $1,279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Buckle by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company's stock valued at $49,566,000 after purchasing an additional 29,349 shares in the last quarter. State Street Corp increased its holdings in Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company's stock valued at $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Buckle by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company's stock valued at $53,509,000 after acquiring an additional 48,436 shares during the period. Geode Capital Management LLC boosted its stake in shares of Buckle by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock worth $35,142,000 after acquiring an additional 36,472 shares in the last quarter. Finally, Impala Asset Management LLC grew its holdings in shares of Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock worth $16,049,000 after acquiring an additional 110,273 shares during the period. Institutional investors and hedge funds own 53.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Karen B. Rhoads sold 9,500 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now owns 214,089 shares of the company's stock, valued at approximately $11,053,415.07. This represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the transaction, the chief executive officer now directly owns 1,739,734 shares in the company, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 114,042 shares of company stock valued at $5,747,200. Company insiders own 39.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKE. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, January 3rd.

Buckle Stock Performance

BKE stock traded down $0.82 on Friday, reaching $47.80. The company had a trading volume of 155,249 shares, compared to its average volume of 468,747. The company's fifty day moving average is $50.70 and its 200 day moving average is $45.49. The company has a market cap of $2.43 billion, a P/E ratio of 12.13 and a beta of 1.15. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the previous year, the business earned $1.04 EPS. The firm's revenue was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

The company also recently announced a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were given a dividend of $2.50 per share. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 2.6%. Buckle's dividend payout ratio (DPR) is currently 35.53%.

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.