Exchange Traded Concepts LLC Decreases Stock Position in The Buckle, Inc. (NYSE:BKE)

Exchange Traded Concepts LLC cut its holdings in The Buckle, Inc. (NYSE:BKE) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,727 shares of the company’s stock after selling 21,234 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Buckle were worth $1,968,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock valued at $49,566,000 after purchasing an additional 29,349 shares during the period. State Street Corp increased its holdings in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after purchasing an additional 72,532 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Buckle by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock valued at $53,509,000 after purchasing an additional 48,436 shares during the period. Geode Capital Management LLC increased its holdings in shares of Buckle by 4.8% in the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock valued at $35,142,000 after purchasing an additional 36,472 shares during the period. Finally, 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 purchasing an additional 110,273 shares during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKE. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th.

Buckle Stock Down 1.0 %

Buckle stock opened at $47.74 on Monday. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 12.12 and a beta of 1.15. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $54.25. The business’s 50-day moving average price is $50.66 and its 200 day moving average price is $45.33.

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

Buckle Cuts Dividend

The business also recently announced 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. This represents a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is 35.53%.

Insider Buying and Selling

In other Buckle news, Director Karen B. Rhoads sold 9,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total transaction of $490,485.00. Following the transaction, the director now owns 214,089 shares in the company, valued at approximately $11,053,415.07. This represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $51.57, for a total value of $1,054,761.21. Following the transaction, the chief executive officer now owns 1,739,734 shares in the company, valued at $89,718,082.38. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,042 shares of company stock valued at $5,747,200 over the last ninety days. Company insiders own 39.80% of the company’s stock.

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.