The Buckle, Inc. (NYSE:BKE) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,642 shares of the company's stock after selling 11,173 shares during the quarter. Royce & Associates LP owned approximately 0.46% of Buckle worth $10,317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BKE. SG Americas Securities LLC lifted its holdings in Buckle by 410.9% during the first quarter. SG Americas Securities LLC now owns 12,200 shares of the company's stock worth $491,000 after buying an additional 9,812 shares during the period. Sei Investments Co. purchased a new stake in shares of Buckle during the 1st quarter worth $856,000. Vanguard Group Inc. boosted its position in Buckle by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company's stock valued at $173,638,000 after purchasing an additional 24,051 shares in the last quarter. Edgestream Partners L.P. purchased a new position in Buckle in the first quarter valued at about $3,073,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in Buckle by 30.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,420 shares of the company's stock worth $259,000 after purchasing an additional 1,502 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on BKE shares. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, November 8th. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and upped their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Insider Activity at Buckle

In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares of the company's stock, valued at approximately $3,315,029.50. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the completion of the sale, the chief executive officer now directly owns 1,883,905 shares in the company, valued at $83,551,186.75. This trade represents a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,931 shares of company stock valued at $6,080,458 in the last ninety days. Company insiders own 39.80% of the company's stock.

Buckle Price Performance

Buckle stock traded down $0.82 during midday trading on Friday, reaching $47.92. The company's stock had a trading volume of 278,056 shares, compared to its average volume of 358,728. The stock has a market capitalization of $2.43 billion, a P/E ratio of 11.69 and a beta of 1.14. The stock's 50-day simple moving average is $43.63 and its 200-day simple moving average is $40.56. The Buckle, Inc. has a 52-week low of $34.63 and a 52-week high of $49.78.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The firm had revenue of $282.39 million during the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, October 11th. Buckle's dividend payout ratio (DPR) is presently 34.15%.

Buckle Company 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.