Renaissance Technologies LLC Sells 15,100 Shares of The Buckle, Inc. (NYSE:BKE)

Renaissance Technologies LLC trimmed its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,100,002 shares of the company's stock after selling 15,100 shares during the period. Renaissance Technologies LLC owned approximately 2.17% of Buckle worth $55,891,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKE. SBI Securities Co. Ltd. acquired a new position in shares of Buckle during the 4th quarter valued at $31,000. Quarry LP lifted its stake in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after acquiring an additional 355 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of 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 during the last quarter. Blue Trust Inc. lifted its position in shares of Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after buying an additional 585 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after acquiring an additional 240 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total value of $835,709.58. Following the completion of the transaction, the chief executive officer now owns 1,678,375 shares of the company's stock, valued at $68,578,402.50. The trade was a 1.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 74,136 shares of company stock worth $2,982,360 over the last ninety days. Company insiders own 39.80% of the company's stock.

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Buckle Price Performance

NYSE:BKE traded down $0.35 on Tuesday, reaching $34.63. 129,502 shares of the company's stock were exchanged, compared to its average volume of 446,664. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 8.79 and a beta of 0.91. The stock has a fifty day simple moving average of $38.96 and a 200-day simple moving average of $44.70. The Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle's revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle's payout ratio is presently 36.08%.

Analyst Ratings Changes

A number of analysts recently issued reports on BKE shares. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a 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 research note on Tuesday, March 18th.

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.