Wealthfront Advisers LLC Invests $939,000 in The Buckle, Inc. (NYSE:BKE)

Wealthfront Advisers LLC purchased a new position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,487 shares of the company's stock, valued at approximately $939,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BKE. PNC Financial Services Group Inc. increased its position 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 purchasing an additional 240 shares during the last quarter. Quarry LP increased its position in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after purchasing an additional 355 shares during the last quarter. DGS Capital Management LLC increased its position in shares of Buckle by 6.8% during the 3rd quarter. DGS Capital Management LLC now owns 7,131 shares of the company's stock worth $314,000 after purchasing an additional 451 shares during the last quarter. Blue Trust Inc. increased its position in shares of Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after purchasing an additional 585 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after purchasing an additional 601 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the completion of the transaction, the chief executive officer now directly owns 1,698,828 shares of the company's stock, valued at approximately $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 92,269 shares of company stock valued at $3,952,882. 39.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Buckle Stock Up 1.9 %

NYSE BKE traded up $0.71 during trading on Wednesday, hitting $38.41. The stock had a trading volume of 642,544 shares, compared to its average volume of 393,514. The company has a market capitalization of $1.95 billion, a PE ratio of 9.75 and a beta of 1.17. The firm has a 50 day moving average price of $43.68 and a 200 day moving average price of $45.55. The Buckle, Inc. has a twelve month low of $34.67 and a twelve month high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS.

Buckle Company 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.