RK Asset Management LLC lowered its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 226,029 shares of the company's stock after selling 11,700 shares during the quarter. Buckle makes up about 9.4% of RK Asset Management LLC's holdings, making the stock its largest holding. RK Asset Management LLC owned 0.45% of Buckle worth $11,485,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in BKE. Blue Trust Inc. boosted its holdings in shares of Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company's stock worth $35,000 after purchasing an additional 270 shares during the last quarter. Quarry LP lifted its position in Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after buying an additional 355 shares in the last quarter. Quest Partners LLC acquired a new position in Buckle during the third quarter worth $86,000. Signaturefd LLC grew its holdings in Buckle by 38.7% in the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company's stock valued at $98,000 after buying an additional 624 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Buckle by 85.3% in the 3rd quarter. CWM LLC now owns 3,725 shares of the company's stock worth $164,000 after acquiring an additional 1,715 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.
Insider Buying and Selling at Buckle
In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.73, for a total transaction of $853,503.69. Following the sale, the chief executive officer now directly owns 1,863,452 shares in the company, valued at $77,761,851.96. This represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Peetz sold 2,500 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.70, for a total transaction of $129,250.00. Following the sale, the director now directly owns 22,123 shares in the company, valued at $1,143,759.10. This represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 134,265 shares of company stock valued at $6,414,313 over the last quarter. 39.80% of the stock is owned by company insiders.
Buckle Stock Performance
Shares of Buckle stock traded up $0.52 during trading hours on Friday, hitting $51.63. The company's stock had a trading volume of 513,248 shares, compared to its average volume of 436,374. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 13.10 and a beta of 1.14. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25. The firm has a fifty day moving average of $49.37 and a 200-day moving average of $43.88.
Buckle (NYSE:BKE - Get Free Report) last posted its earnings results 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 during the quarter, compared to analyst estimates of $293.60 million. During the same period in the previous year, the company earned $1.04 EPS. The company's quarterly revenue was down 3.3% compared to the same quarter last year.
Buckle Cuts Dividend
The business also recently announced a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $2.50 dividend. The ex-dividend date is Wednesday, January 15th. This represents a yield of 2.6%. Buckle's dividend payout ratio (DPR) is presently 35.53%.
Analyst Ratings Changes
BKE has been the subject of a number of analyst reports. UBS Group raised shares of Buckle from a "sell" rating to a "neutral" rating and upped their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a report on Thursday, December 26th.
Check Out Our Latest Analysis on BKE
About Buckle
(
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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