The Buckle, Inc. (NYSE:BKE - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 2,350,000 shares, a decrease of 20.3% from the March 15th total of 2,950,000 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 604,900 shares, the days-to-cover ratio is presently 3.9 days.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. UBS Group lowered their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.
Read Our Latest Report on BKE
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 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the sale, the chief executive officer now directly owns 1,698,828 shares of the company's stock, valued at $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 73,906 shares of company stock worth $2,971,250. 39.80% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Buckle
Several institutional investors have recently made changes to their positions in the company. Balyasny Asset Management L.P. boosted its stake in shares of Buckle by 515.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company's stock valued at $14,987,000 after purchasing an additional 247,019 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Buckle by 180.6% during the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock valued at $14,466,000 after acquiring an additional 183,257 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Buckle by 442.8% in the 4th 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 during the period. First Trust Advisors LP raised its position in shares of Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after acquiring an additional 137,972 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock worth $47,636,000 after purchasing an additional 100,173 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.
Buckle Price Performance
Shares of NYSE:BKE traded up $0.53 on Thursday, hitting $35.09. 814,500 shares of the company's stock were exchanged, compared to its average volume of 451,842. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 8.91 and a beta of 0.91. Buckle has a 12 month low of $33.12 and a 12 month high of $54.25. The business's 50 day simple moving average is $37.68 and its two-hundred day simple moving average is $44.27.
Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $379.20 million during the quarter, compared to analyst estimates of $378.97 million. During the same quarter last year, the business posted $1.59 EPS. The firm's revenue for the quarter was down .8% on a year-over-year basis.
Buckle Announces Dividend
The company also recently declared 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 3.99%. The ex-dividend date is Tuesday, April 15th. Buckle's payout ratio is 36.08%.
Buckle Company Profile
(
Get 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.
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