RK Asset Management LLC Has $11.49 Million Stock Holdings in The Buckle, Inc. (NYSE:BKE)

RK Asset Management LLC lessened its position in The Buckle, Inc. (NYSE:BKE) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 226,029 shares of the company’s stock after selling 11,700 shares during the quarter. Buckle makes up approximately 9.4% of RK Asset Management LLC’s investment portfolio, making the stock its largest position. RK Asset Management LLC’s holdings in Buckle were worth $11,485,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BKE. Impala Asset Management LLC increased its holdings in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after buying an additional 110,273 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Buckle during the third quarter worth $4,753,000. Pacer Advisors Inc. lifted its holdings in shares of Buckle by 4.5% during the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after purchasing an additional 90,190 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares during the period. Finally, State Street Corp increased its stake in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock worth $58,849,000 after purchasing an additional 72,532 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Performance

NYSE:BKE traded up $0.52 during trading hours on Friday, hitting $51.63. 470,674 shares of the company’s stock traded hands, compared to its average volume of 415,087. The stock’s fifty day moving average price is $49.18 and its two-hundred day moving average price is $43.77. The firm has a market cap of $2.62 billion, a P/E ratio of 13.10 and a beta of 1.14. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25.

Buckle (NYSE:BKE) last issued its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the prior year, the company earned $1.04 EPS. Buckle’s revenue for the quarter was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio is 35.53%.

Wall Street Analysts Forecast Growth

BKE has been the subject of a number of analyst reports. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and upped their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Thursday, December 26th.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $43.00, for a total value of $879,479.00. Following the transaction, the chief executive officer now directly owns 1,842,999 shares of the company’s stock, valued at approximately $79,248,957. This trade represents a 1.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Peetz sold 2,500 shares of the company’s 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 sale, the director now directly owns 22,123 shares of the company’s stock, valued at $1,143,759.10. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,265 shares of company stock worth $6,414,313. Corporate insiders own 39.80% of the company’s stock.

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.