Sprott Inc. Sells 20,000 Shares of The Buckle, Inc. (NYSE:BKE)

Sprott Inc. lessened its holdings in The Buckle, Inc. (NYSE:BKE - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 240,000 shares of the company's stock after selling 20,000 shares during the period. Sprott Inc. owned 0.47% of Buckle worth $12,194,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in Buckle in the 4th quarter worth $378,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Buckle during the fourth quarter valued at about $524,000. Handelsbanken Fonder AB grew its position in shares of Buckle by 25.3% during the fourth quarter. Handelsbanken Fonder AB now owns 10,900 shares of the company's stock valued at $554,000 after purchasing an additional 2,200 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Buckle by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 161,636 shares of the company's stock valued at $8,213,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Monument Capital Management grew its position in shares of Buckle by 36.8% during the fourth quarter. Monument Capital Management now owns 8,985 shares of the company's stock valued at $457,000 after purchasing an additional 2,419 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.

Buckle Price Performance

Shares of Buckle stock traded up $0.87 during trading on Friday, reaching $40.04. 676,127 shares of the stock traded hands, compared to its average volume of 475,196. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The business has a fifty day simple moving average of $47.00 and a two-hundred day simple moving average of $45.91. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 10.16 and a beta of 1.14.

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Buckle Cuts Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were issued a $2.50 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle's payout ratio is 35.53%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKE. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and raised their price objective for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $53.18, for a total value of $1,087,690.54. Following the completion of the transaction, the chief executive officer now owns 1,781,640 shares of the company's stock, valued at approximately $94,747,615.20. This trade represents a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Peetz sold 2,500 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the transaction, the director now directly owns 22,123 shares of the company's stock, valued at approximately $1,143,759.10. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,995 shares of company stock valued at $6,103,061. Insiders own 39.80% of the company's stock.

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.