Skandinaviska Enskilda Banken AB publ Acquires 34,100 Shares of The Buckle, Inc. (NYSE:BKE)

Skandinaviska Enskilda Banken AB publ lifted its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,700 shares of the company's stock after acquiring an additional 34,100 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.43% of Buckle worth $11,257,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Impala Asset Management LLC boosted its stake in Buckle by 43.3% during the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock worth $16,049,000 after buying an additional 110,273 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Buckle during the third quarter worth $691,000. Geode Capital Management LLC boosted its stake in Buckle by 4.8% during the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company's stock worth $35,142,000 after buying an additional 36,472 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Buckle during the third quarter worth $1,629,000. Finally, JPMorgan Chase & Co. boosted its stake in Buckle by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company's stock worth $6,852,000 after buying an additional 5,185 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Stock Performance

Shares of NYSE BKE traded up $0.71 during midday trading on Wednesday, reaching $38.41. 642,557 shares of the company traded hands, compared to its average volume of 514,747. The firm has a market cap of $1.95 billion, a PE ratio of 9.75 and a beta of 1.17. The stock's 50-day simple moving average is $43.68 and its 200-day simple moving average is $45.55. The Buckle, Inc. has a 12 month low of $34.67 and a 12 month high of $54.25.

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Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. The company had revenue of $379.20 million during 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%. The business's revenue was down .8% on a year-over-year basis. During the same period last year, the business earned $1.59 earnings per share.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the transaction, the chief executive officer now directly owns 1,647,695 shares of the company's stock, valued at $59,844,282.40. The trade was a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 92,269 shares of company stock valued at $3,952,882 over the last ninety days. 39.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BKE shares. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group cut their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday.

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.