Buckle, Inc. (The) $BKE Shares Sold by RK Asset Management LLC

RK Asset Management LLC lessened its holdings in Buckle, Inc. (The) (NYSE:BKE) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 206,982 shares of the company’s stock after selling 11,174 shares during the period. Buckle accounts for approximately 9.0% of RK Asset Management LLC’s portfolio, making the stock its 2nd largest holding. RK Asset Management LLC owned approximately 0.40% of Buckle worth $9,386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKE. New Vernon Capital Holdings II LLC increased its position in Buckle by 3,732.0% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 671,251 shares of the company’s stock worth $25,722,000 after purchasing an additional 653,734 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Buckle by 13.5% during the 1st quarter. American Century Companies Inc. now owns 1,063,856 shares of the company’s stock worth $40,767,000 after purchasing an additional 126,331 shares during the last quarter. Impala Asset Management LLC boosted its stake in shares of Buckle by 37.1% during the 1st quarter. Impala Asset Management LLC now owns 432,080 shares of the company’s stock worth $16,571,000 after purchasing an additional 116,833 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Buckle during the first quarter worth about $3,850,000. Finally, Invesco Ltd. raised its position in shares of Buckle by 42.1% in the first quarter. Invesco Ltd. now owns 329,601 shares of the company’s stock valued at $12,630,000 after buying an additional 97,679 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Stock Down 1.5%

Shares of BKE opened at $57.81 on Thursday. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The company’s fifty day moving average is $56.22 and its two-hundred day moving average is $46.14. The firm has a market cap of $2.96 billion, a PE ratio of 14.45 and a beta of 1.06.

Buckle (NYSE:BKE) last issued its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business had revenue of $305.74 million for the quarter, compared to analyst estimates of $292.61 million. During the same period last year, the company posted $0.78 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle’s dividend payout ratio is 35.00%.

Insider Buying and Selling at Buckle

In other news, SVP Brett P. Milkie sold 6,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $60.17, for a total value of $361,020.00. Following the transaction, the senior vice president owned 89,570 shares of the company’s stock, valued at approximately $5,389,426.90. This trade represents a 6.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James E. Shada sold 20,000 shares of Buckle stock in a transaction on Friday, September 5th. The shares were sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the transaction, the director owned 55,352 shares in the company, valued at $3,292,890.48. The trade was a 26.54% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,500 shares of company stock worth $3,320,030. 39.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BKE has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, September 6th. UBS Group increased their price target on Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Buckle currently has an average rating of “Hold” and an average price target of $54.00.

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.