The Buckle, Inc. (NYSE:BKE) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of The Buckle, Inc. (NYSE:BKE) by 190.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,418 shares of the company’s stock after purchasing an additional 48,811 shares during the period. Intech Investment Management LLC’s holdings in Buckle were worth $3,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKE. Quest Partners LLC acquired a new position in shares of Buckle during the third quarter worth $86,000. Banque Cantonale Vaudoise grew its stake in shares of Buckle by 158.4% during the third quarter. Banque Cantonale Vaudoise now owns 6,054 shares of the company’s stock worth $266,000 after purchasing an additional 3,711 shares in the last quarter. Jennison Associates LLC boosted its stake in Buckle by 28.3% in the third quarter. Jennison Associates LLC now owns 32,626 shares of the company’s stock valued at $1,435,000 after acquiring an additional 7,205 shares in the last quarter. Moran Wealth Management LLC boosted its stake in Buckle by 1.5% in the third quarter. Moran Wealth Management LLC now owns 76,437 shares of the company’s stock valued at $3,361,000 after acquiring an additional 1,109 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in Buckle in the third quarter valued at $4,753,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of the sale, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 92,269 shares of company stock valued at $3,952,882. Insiders own 39.80% of the company’s stock.

Buckle Price Performance

NYSE BKE opened at $38.41 on Thursday. The Buckle, Inc. has a 1 year low of $34.67 and a 1 year high of $54.25. The company has a market capitalization of $1.95 billion, a PE ratio of 9.75 and a beta of 1.17. The company has a fifty day moving average of $43.45 and a two-hundred day moving average of $45.50.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. During the same period in the prior year, the company earned $1.59 earnings per share. The business’s revenue was down .8% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on BKE shares. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group decreased their price objective on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday.

About Buckle

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.