Bellwether Advisors LLC Invests $43,000 in The Buckle, Inc. (NYSE:BKE)

Bellwether Advisors LLC bought a new position in shares of The Buckle, Inc. (NYSE:BKE) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 849 shares of the company’s stock, valued at approximately $43,000.

Several other large investors have also made changes to their positions in the business. First Trust Advisors LP raised its stake in Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Buckle by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after purchasing an additional 10,178 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after purchasing an additional 69,258 shares during the last quarter. American Century Companies Inc. raised its stake in Buckle by 12.0% in the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock valued at $47,636,000 after purchasing an additional 100,173 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Buckle by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 815,688 shares of the company’s stock valued at $41,454,000 after purchasing an additional 16,610 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Trading Down 0.1 %

NYSE BKE opened at $34.87 on Tuesday. The stock has a market cap of $1.78 billion, a PE ratio of 8.85 and a beta of 0.91. The Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The stock has a fifty day simple moving average of $37.18 and a 200-day simple moving average of $44.16.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. The business had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the business posted $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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, April 15th. Buckle’s payout ratio is 36.08%.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the 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 transaction, the chief executive officer now owns 1,698,828 shares of the company’s stock, valued at approximately $73,763,111.76. This represents a 1.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 76,011 shares of company stock valued at $3,047,788. Corporate insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on BKE shares. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group dropped their target price on Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th.

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.