UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,043 Shares of The Buckle, Inc. (NYSE:BKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,299 shares of the company's stock after selling 10,043 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Buckle worth $2,300,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BKE. CWM LLC lifted its holdings in shares of Buckle by 119.9% in the second quarter. CWM LLC now owns 2,010 shares of the company's stock valued at $74,000 after purchasing an additional 1,096 shares in the last quarter. Summit Global Investments bought a new stake in Buckle during the second quarter worth about $906,000. SummerHaven Investment Management LLC raised its stake in Buckle by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company's stock valued at $802,000 after buying an additional 410 shares during the period. Louisiana State Employees Retirement System raised its stake in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company's stock valued at $550,000 after buying an additional 400 shares during the period. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in Buckle by 5.3% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 39,700 shares of the company's stock valued at $1,467,000 after buying an additional 2,000 shares during the period. 53.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research note on Friday. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

Insiders Place Their Bets

In other news, Director John P. Peetz sold 2,500 shares of Buckle stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the transaction, the director now owns 22,123 shares in the company, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the transaction, the chief executive officer now owns 1,781,640 shares in the company, valued at $94,747,615.20. This represents a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,265 shares of company stock valued at $6,270,732. Company insiders own 39.80% of the company's stock.

Buckle Stock Performance

BKE traded up $0.72 during trading on Friday, reaching $52.18. The stock had a trading volume of 244,183 shares, compared to its average volume of 404,585. The stock has a market cap of $2.65 billion, a PE ratio of 13.24 and a beta of 1.14. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The business has a 50-day moving average of $46.89 and a 200-day moving average of $42.43.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS 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 during the quarter, compared to analysts' expectations of $293.60 million. During the same quarter last year, the business earned $1.04 earnings per share. The business's quarterly revenue was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be given a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle's dividend payout ratio (DPR) is presently 35.53%.

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.