Impala Asset Management LLC Acquires 110,273 Shares of The Buckle, Inc. (NYSE:BKE)

Impala Asset Management LLC lifted its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 43.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 365,000 shares of the company's stock after acquiring an additional 110,273 shares during the quarter. Buckle accounts for approximately 11.2% of Impala Asset Management LLC's portfolio, making the stock its 2nd largest holding. Impala Asset Management LLC owned about 0.72% of Buckle worth $16,049,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company's stock valued at $35,000 after acquiring an additional 270 shares in the last quarter. Unison Advisors LLC boosted its stake in shares of Buckle by 0.9% during the 3rd quarter. Unison Advisors LLC now owns 37,859 shares of the company's stock worth $1,665,000 after purchasing an additional 334 shares during the last quarter. Quarry LP grew its holdings in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after buying an additional 355 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its position in shares of Buckle by 2.7% in the second quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company's stock valued at $514,000 after buying an additional 370 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Buckle by 0.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company's stock worth $2,636,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 53.93% of the company's stock.

Insider Buying and Selling

In other Buckle news, Director Karen B. Rhoads sold 9,500 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now owns 214,089 shares in the company, valued at approximately $11,053,415.07. The trade was a 4.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.73, for a total transaction of $853,503.69. Following the completion of the sale, the chief executive officer now directly owns 1,863,452 shares of the company's stock, valued at $77,761,851.96. The trade was a 1.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,765 shares of company stock worth $5,095,682 over the last ninety days. 39.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. UBS Group raised shares of Buckle from a "sell" rating to a "neutral" rating and upped their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Stock Down 0.6 %

Shares of BKE traded down $0.34 during mid-day trading on Tuesday, reaching $52.43. 444,607 shares of the stock traded hands, compared to its average volume of 404,848. The stock has a fifty day simple moving average of $46.29 and a 200 day simple moving average of $42.14. The Buckle, Inc. has a 12-month low of $34.87 and a 12-month high of $54.25. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 13.31 and a beta of 1.14.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. During the same period in the prior year, the business earned $1.04 earnings per share. Buckle's revenue was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be given a dividend of $2.50 per share. Buckle's dividend payout ratio is currently 35.53%.

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.