Y Intercept Hong Kong Ltd Purchases New Position in The Buckle, Inc. (NYSE:BKE)

Y Intercept Hong Kong Ltd acquired a new position in The Buckle, Inc. (NYSE:BKE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,306 shares of the company's stock, valued at approximately $524,000.

Several other institutional investors have also recently made changes to their positions in the business. Impala Asset Management LLC lifted its holdings in Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company's stock worth $16,049,000 after purchasing an additional 110,273 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Buckle in the third quarter worth $4,753,000. State Street Corp boosted its position in shares of Buckle by 5.7% during the third quarter. State Street Corp now owns 1,338,395 shares of the company's stock worth $58,849,000 after acquiring an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Buckle by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company's stock valued at $53,509,000 after acquiring an additional 48,436 shares in the last quarter. Finally, Maverick Capital Ltd. purchased a new position in shares of Buckle during the third quarter valued at about $1,629,000. Hedge funds and other institutional investors own 53.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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Insider Activity

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the transaction, the executive vice president now owns 150,554 shares in the company, valued at $7,872,468.66. The trade was a 11.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Peetz sold 2,500 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the sale, the director now owns 22,123 shares in the company, valued at approximately $1,143,759.10. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,882 shares of company stock valued at $5,621,453. 39.80% of the stock is currently owned by company insiders.

Buckle Trading Up 0.1 %

Shares of NYSE BKE traded up $0.05 during trading hours on Wednesday, hitting $37.82. 457,273 shares of the company traded hands, compared to its average volume of 483,030. The company's 50 day moving average price is $46.49 and its 200 day moving average price is $45.91. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 9.60 and a beta of 1.17.

Buckle Cuts Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle's dividend payout ratio (DPR) is 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.