Raymond James Financial Inc. acquired a new position in The Buckle, Inc. (NYSE:BKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,270 shares of the company's stock, valued at approximately $623,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its position in Buckle by 5.7% during the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company's stock worth $58,849,000 after purchasing an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 69,258 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Buckle by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock valued at $35,142,000 after acquiring an additional 36,472 shares during the period. Impala Asset Management LLC lifted its holdings in shares of Buckle by 43.3% during the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock valued at $16,049,000 after acquiring an additional 110,273 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Buckle by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company's stock worth $8,213,000 after purchasing an additional 6,000 shares during the period. 53.93% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts have commented on BKE shares. 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 downgraded Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.
Get Our Latest Report on BKE
Buckle Stock Performance
Shares of BKE stock traded down $0.49 on Friday, hitting $34.87. The stock had a trading volume of 787,278 shares, compared to its average volume of 447,013. The stock's 50 day moving average is $39.18 and its 200-day moving average is $44.75. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $379.20 million during the quarter, compared to analysts' expectations of $378.97 million. During the same period in the prior year, the company posted $1.59 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis.
Buckle Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 annualized dividend and a yield of 4.02%. Buckle's dividend payout ratio is presently 36.08%.
Insider Activity
In related news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total value of $888,069.26. Following the sale, the chief executive officer now directly owns 1,698,828 shares of the company's stock, valued at $73,763,111.76. This represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 74,136 shares of company stock worth $2,982,360. 39.80% of the stock is currently owned by insiders.
Buckle Profile
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Free Report)
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.
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