The Buckle, Inc. (NYSE:BKE) Shares Bought by State Street Corp

State Street Corp grew its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,338,395 shares of the company's stock after purchasing an additional 72,532 shares during the quarter. State Street Corp owned approximately 2.64% of Buckle worth $58,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKE. GSA Capital Partners LLP purchased a new stake in shares of Buckle during the 3rd quarter worth approximately $691,000. ProShare Advisors LLC lifted its position in Buckle by 15.7% during the second quarter. ProShare Advisors LLC now owns 125,368 shares of the company's stock valued at $4,631,000 after purchasing an additional 17,010 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company's stock worth $26,452,000 after buying an additional 87,690 shares in the last quarter. Maverick Capital Ltd. purchased a new position in shares of Buckle in the 3rd quarter worth $1,629,000. Finally, WealthPlan Investment Management LLC bought a new stake in shares of Buckle in the 3rd quarter worth about $473,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.73, for a total value of $853,503.69. Following the completion of the transaction, the chief executive officer now owns 1,863,452 shares of the company's stock, valued at $77,761,851.96. The trade was a 1.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John P. Peetz sold 2,500 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.70, for a total value of $129,250.00. Following the sale, the director now directly owns 22,123 shares in the company, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,265 shares of company stock worth $6,414,313. 39.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BKE shares. StockNews.com lowered shares of Buckle from a "buy" rating to a "hold" rating in a report on Friday, December 13th. UBS Group raised shares of Buckle from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Stock Up 1.5 %

Shares of NYSE BKE traded up $0.76 during trading hours on Thursday, hitting $50.40. 504,159 shares of the stock were exchanged, compared to its average volume of 405,919. The firm has a fifty day moving average price of $47.63 and a 200-day moving average price of $42.78. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25. The company has a market cap of $2.56 billion, a PE ratio of 12.79 and a beta of 1.14.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly 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 business had revenue of $293.60 million during the quarter, compared to analysts' expectations of $293.60 million. During the same quarter last year, the business posted $1.04 earnings per share. 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. Shareholders of record on Wednesday, January 15th will be given a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date is Wednesday, January 15th. Buckle's dividend payout ratio is presently 35.53%.

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.