Deutsche Bank AG trimmed its holdings in Buckle (NYSE:BKE) by 22.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 136,865 shares of the company’s stock after selling 39,989 shares during the period. Deutsche Bank AG owned about 0.28% of Buckle worth $3,248,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in BKE. Rhumbline Advisers lifted its position in shares of Buckle by 3.1% during the fourth quarter. Rhumbline Advisers now owns 109,945 shares of the company’s stock valued at $2,611,000 after purchasing an additional 3,330 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Buckle during the fourth quarter valued at about $105,000. Swiss National Bank lifted its position in shares of Buckle by 11.8% during the fourth quarter. Swiss National Bank now owns 52,200 shares of the company’s stock valued at $1,240,000 after purchasing an additional 5,500 shares in the last quarter. Aperio Group LLC lifted its position in shares of Buckle by 29.5% during the fourth quarter. Aperio Group LLC now owns 32,450 shares of the company’s stock valued at $771,000 after purchasing an additional 7,389 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Buckle by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock valued at $4,021,000 after purchasing an additional 7,849 shares in the last quarter. 65.49% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on BKE shares. Zacks Investment Research lowered shares of Buckle from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. ValuEngine lowered shares of Buckle from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research report on Friday, March 16th. Two research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.
Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 16th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $281.20 million for the quarter, compared to analyst estimates of $280.04 million. Buckle had a net margin of 9.82% and a return on equity of 20.98%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. equities analysts forecast that Buckle will post 1.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.52%. The ex-dividend date is Thursday, April 12th. Buckle’s dividend payout ratio is 54.05%.
In other news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $22.70, for a total value of $45,400.00. Following the completion of the transaction, the director now owns 32,214 shares in the company, valued at $731,257.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kyle Hanson sold 1,200 shares of Buckle stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $22.70, for a total transaction of $27,240.00. Following the completion of the transaction, the vice president now owns 26,700 shares of the company’s stock, valued at approximately $606,090. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,753 shares of company stock worth $125,615. Insiders own 41.70% of the company’s stock.
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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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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