Norges Bank Invests $4.91 Million in The Buckle, Inc. (NYSE:BKE)

Norges Bank purchased a new stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 96,623 shares of the company's stock, valued at approximately $4,909,000. Norges Bank owned approximately 0.19% of Buckle at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Buckle by 4.8% in the 3rd 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 last quarter. JPMorgan Chase & Co. grew its stake in shares of Buckle by 3.4% in the third quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company's stock worth $6,852,000 after acquiring an additional 5,185 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Buckle by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after purchasing an additional 69,258 shares during the last quarter. HighTower Advisors LLC bought a new position in Buckle during the third quarter valued at approximately $214,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Buckle in the fourth quarter worth approximately $31,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Stock Performance

Shares of BKE traded down $0.41 during mid-day trading on Tuesday, reaching $34.57. The stock had a trading volume of 64,773 shares, compared to its average volume of 595,334. The business has a fifty day moving average of $38.96 and a 200 day moving average of $44.70. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 8.77 and a beta of 0.91. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25.

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Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.09. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. During the same quarter in the prior year, the business posted $1.59 EPS. Buckle's revenue for the quarter was down .8% compared to the same quarter last year.

Buckle Announces Dividend

The firm 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. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a yield of 4.05%. Buckle's dividend payout ratio is presently 36.08%.

Analysts Set New Price Targets

BKE has been the subject of several research analyst reports. UBS Group cut their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 2,320 shares of Buckle stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value of $84,239.20. Following the sale, the chief executive officer now owns 1,743,375 shares of the company's stock, valued at $63,301,946.25. The trade was a 0.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 74,136 shares of company stock valued at $2,982,360 in the last three months. 39.80% of the stock is currently owned by corporate insiders.

Buckle 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.