Plato Investment Management Ltd Acquires New Stake in The Buckle, Inc. (NYSE:BKE)

Plato Investment Management Ltd purchased a new stake in The Buckle, Inc. (NYSE:BKE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,066 shares of the company's stock, valued at approximately $360,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Buckle during the 4th quarter worth $31,000. Quarry LP boosted its holdings in Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after purchasing an additional 355 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Buckle by 268.3% in 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 in the last quarter. Blue Trust Inc. grew its position in Buckle by 74.1% in 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 in the last quarter. Finally, Quest Partners LLC purchased a new stake in Buckle in the 3rd quarter valued at about $86,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $39.51, for a total transaction of $606,083.40. Following the sale, the chief executive officer now directly owns 1,663,035 shares of the company's stock, valued at $65,706,512.85. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kari G. Smith sold 20,000 shares of Buckle stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the transaction, the executive vice president now owns 150,554 shares of the company's stock, valued at $7,872,468.66. The trade was a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 119,882 shares of company stock valued at $5,621,453. 39.80% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Buckle Stock Up 1.3 %

BKE traded up $0.48 during trading on Friday, hitting $38.33. 573,432 shares of the company traded hands, compared to its average volume of 482,323. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The stock's fifty day moving average is $45.95 and its 200 day moving average is $45.80. The firm has a market cap of $1.95 billion, a P/E ratio of 9.73 and a beta of 1.17.

Buckle Cuts Dividend

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

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.