Trexquant Investment LP Decreases Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Trexquant Investment LP cut its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 15.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,823 shares of the company's stock after selling 11,828 shares during the period. Trexquant Investment LP owned approximately 0.13% of Buckle worth $3,344,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Buckle in the fourth quarter worth $31,000. Quarry LP increased its holdings in Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after buying an additional 355 shares during the period. Smartleaf Asset Management LLC increased its holdings in Buckle by 268.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after buying an additional 601 shares during the period. Blue Trust Inc. raised its position in shares of Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after buying an additional 585 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Buckle by 15.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock worth $89,000 after acquiring an additional 240 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BKE. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group reduced their price objective on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th.

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Buckle Stock Performance

Shares of NYSE:BKE traded down $0.49 during mid-day trading on Friday, reaching $34.87. 787,278 shares of the company's stock were exchanged, compared to its average volume of 447,013. The Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.85 and a beta of 0.91. The business's fifty day moving average price is $39.18 and its 200-day moving average price is $44.75.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.09. The firm had revenue of $379.20 million for 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%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.59 EPS.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Tuesday, April 15th. Buckle's dividend payout ratio is currently 36.08%.

Insiders Place Their Bets

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $40.86, for a total transaction of $835,709.58. Following the completion of the sale, the chief executive officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 74,136 shares of company stock worth $2,982,360. Insiders own 39.80% of the company's stock.

Buckle 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.