The Buckle, Inc. (NYSE:BKE) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 80.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,407 shares of the company's stock after selling 86,697 shares during the period. Landscape Capital Management L.L.C.'s holdings in Buckle were worth $1,088,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Buckle during the 4th quarter worth about $31,000. Quarry LP boosted its holdings in Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after purchasing an additional 355 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Buckle by 268.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares in the last quarter. Blue Trust Inc. increased its stake in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after purchasing an additional 240 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BKE. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group dropped their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a report on Tuesday, March 18th.

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Buckle Stock Down 1.4 %

BKE traded down $0.49 during trading on Friday, hitting $34.87. 787,278 shares of the stock were exchanged, compared to its average volume of 447,013. The Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The stock has a fifty day moving average price of $39.18 and a two-hundred day moving average price of $44.75. The firm has a market capitalization of $1.78 billion, a P/E ratio of 8.85 and a beta of 0.91.

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

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be issued a $0.35 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.02%. Buckle's payout ratio is 36.08%.

Insider Transactions 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 stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the completion of the sale, the chief executive officer now directly owns 1,698,828 shares of the company's stock, valued at $73,763,111.76. This represents a 1.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 74,136 shares of company stock worth $2,982,360. Company insiders own 39.80% of the company's stock.

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.