Royce & Associates LP Cuts Stake in The Buckle, Inc. (NYSE:BKE)

Royce & Associates LP reduced its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 157,458 shares of the company's stock after selling 77,184 shares during the period. Royce & Associates LP owned about 0.31% of Buckle worth $8,000,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Buckle by 18.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 219,700 shares of the company's stock valued at $11,257,000 after purchasing an additional 34,100 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Buckle during the 4th quarter valued at about $939,000. Moran Wealth Management LLC lifted its stake in Buckle by 1.1% during the 4th quarter. Moran Wealth Management LLC now owns 77,258 shares of the company's stock valued at $3,925,000 after acquiring an additional 821 shares during the period. Amundi boosted its holdings in shares of Buckle by 4,016.8% during the 4th quarter. Amundi now owns 75,297 shares of the company's stock valued at $3,787,000 after acquiring an additional 73,468 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Buckle by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after acquiring an additional 240 shares during the period. 53.93% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

BKE has been the topic of several research reports. UBS Group dropped their target price on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday. StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

Buckle Stock Up 1.8 %

BKE traded up $0.70 during trading on Friday, hitting $39.04. The company's stock had a trading volume of 3,704,145 shares, compared to its average volume of 403,965. The business's 50 day simple moving average is $42.99 and its 200-day simple moving average is $45.43. The firm has a market cap of $1.98 billion, a PE ratio of 9.91 and a beta of 1.17. The Buckle, Inc. has a one year low of $34.67 and a one year high of $54.25.

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

Insider Activity at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,698,828 shares in the company, valued at $73,763,111.76. This represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 92,269 shares of company stock worth $3,952,882. 39.80% of the stock is owned by company insiders.

About Buckle

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.