Capstone Investment Advisors LLC Sells 17,049 Shares of The Buckle, Inc. (NYSE:BKE)

Capstone Investment Advisors LLC lowered its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 74.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,699 shares of the company's stock after selling 17,049 shares during the quarter. Capstone Investment Advisors LLC's holdings in Buckle were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKE. Blue Trust Inc. raised its stake in shares of Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company's stock worth $35,000 after purchasing an additional 270 shares during the last quarter. CWM LLC raised its position in Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company's stock valued at $74,000 after buying an additional 1,096 shares during the last quarter. Quest Partners LLC bought a new position in Buckle during the 3rd quarter valued at $86,000. Signaturefd LLC lifted its stake in Buckle by 38.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company's stock valued at $98,000 after acquiring an additional 624 shares in the last quarter. Finally, Gladius Capital Management LP boosted its holdings in Buckle by 217.4% during the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company's stock worth $109,000 after acquiring an additional 2,024 shares during the last quarter. Institutional investors own 53.93% of the company's stock.

Buckle Stock Up 1.7 %

BKE stock traded up $0.85 during midday trading on Friday, hitting $52.09. The company's stock had a trading volume of 199,199 shares, compared to its average volume of 409,633. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 13.22 and a beta of 1.14. The stock's 50-day moving average price is $44.90 and its 200 day moving average price is $41.32. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $52.24.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.01). The company had revenue of $293.60 million during the quarter, compared to analysts' expectations of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.69%. Buckle's dividend payout ratio (DPR) is presently 35.53%.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.90, for a total value of $877,433.70. Following the sale, the chief executive officer now directly owns 1,822,546 shares in the company, valued at approximately $78,187,223.40. The trade was a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karen B. Rhoads sold 9,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total transaction of $490,485.00. Following the transaction, the director now owns 214,089 shares of the company's stock, valued at $11,053,415.07. This represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,765 shares of company stock valued at $5,524,118. 39.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

BKE has been the topic of a number of recent analyst reports. UBS Group raised shares of Buckle from a "sell" rating to a "neutral" rating and raised their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Monday, November 18th.

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.