American Century Companies Inc. boosted its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 937,525 shares of the company's stock after buying an additional 100,173 shares during the quarter. American Century Companies Inc. owned approximately 1.85% of Buckle worth $47,636,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of BKE. Teacher Retirement System of Texas lifted its position in shares of Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company's stock valued at $9,677,000 after acquiring an additional 155,366 shares in the last quarter. Impala Asset Management LLC raised its stake in Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock valued at $16,049,000 after purchasing an additional 110,273 shares during the last quarter. Amundi lifted its holdings in Buckle by 4,016.8% in the 4th quarter. Amundi now owns 75,297 shares of the company's stock valued at $3,787,000 after purchasing an additional 73,468 shares in the last quarter. State Street Corp lifted its holdings in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company's stock valued at $58,849,000 after purchasing an additional 72,532 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock worth $65,352,000 after purchasing an additional 69,258 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.
Insider Buying and Selling
In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the sale, the chief executive officer now directly owns 1,647,695 shares in the company, valued at $59,844,282.40. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 92,269 shares of company stock worth $3,952,882. 39.80% of the stock is currently owned by corporate insiders.
Buckle Price Performance
NYSE BKE traded down $1.33 on Friday, reaching $37.93. The company had a trading volume of 742,247 shares, compared to its average volume of 429,264. The Buckle, Inc. has a 1 year low of $34.67 and a 1 year high of $54.25. The firm has a 50-day moving average of $41.98 and a 200-day moving average of $45.40. The firm has a market capitalization of $1.93 billion, a PE ratio of 9.63 and a beta of 1.17.
Buckle (NYSE:BKE - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same period in the prior year, the firm earned $1.59 earnings per share. The business's quarterly revenue was down .8% compared to the same quarter last year.
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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle's payout ratio is 36.08%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on BKE. StockNews.com lowered shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group decreased their target price on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a report on Tuesday, March 18th.
Check Out Our Latest Report on Buckle
About Buckle
(
Free Report)
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.
See Also
Before you consider Buckle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Buckle wasn't on the list.
While Buckle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
