Robeco Institutional Asset Management B.V. Sells 20,499 Shares of The Buckle, Inc. (NYSE:BKE)

Robeco Institutional Asset Management B.V. lowered its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,998 shares of the company's stock after selling 20,499 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Buckle were worth $203,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company's stock valued at $35,000 after buying an additional 270 shares in the last quarter. Quarry LP grew its holdings in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after buying an additional 355 shares in the last quarter. KBC Group NV grew its holdings in Buckle by 72.1% during the 4th quarter. KBC Group NV now owns 1,773 shares of the company's stock valued at $90,000 after buying an additional 743 shares in the last quarter. Quest Partners LLC purchased a new position in Buckle during the 3rd quarter valued at about $86,000. Finally, Signaturefd LLC grew its holdings in Buckle by 38.7% during 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. Hedge funds and other institutional investors own 53.93% of the company's stock.

Buckle Stock Performance

NYSE:BKE traded down $0.96 during mid-day trading on Friday, reaching $44.00. The stock had a trading volume of 459,424 shares, compared to its average volume of 447,371. The firm has a 50 day moving average price of $50.07 and a two-hundred day moving average price of $45.81. The stock has a market capitalization of $2.23 billion, a P/E ratio of 11.17 and a beta of 1.14. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25.

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

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 $2.50 dividend. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a yield of 2.6%. Buckle's payout ratio is 35.53%.

Insider Buying and Selling

In other news, EVP Kari G. Smith sold 20,000 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 150,554 shares of the company's stock, valued at approximately $7,872,468.66. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the transaction, the chief executive officer now directly owns 1,739,734 shares in the company, valued at $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 93,589 shares of company stock worth $4,869,767 in the last quarter. 39.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.