The Buckle, Inc. (NYSE:BKE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its stake in shares of The Buckle, Inc. (NYSE:BKE) by 0.8% during the fourth quarter, Holdings Channel reports. The firm owned 51,863 shares of the company’s stock after selling 400 shares during the period. New York State Teachers Retirement System’s holdings in Buckle were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Buckle by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,574,626 shares of the company’s stock worth $144,832,000 after buying an additional 199,559 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Buckle by 72.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,285,333 shares of the company’s stock worth $45,874,000 after buying an additional 538,731 shares in the last quarter. State Street Corp grew its holdings in Buckle by 3.8% in the 2nd quarter. State Street Corp now owns 1,238,926 shares of the company’s stock worth $42,867,000 after buying an additional 44,964 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Buckle by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,202,179 shares of the company’s stock worth $42,904,000 after buying an additional 61,789 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Buckle by 33.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock worth $54,591,000 after buying an additional 288,056 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group lowered Buckle from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $37.00 to $34.00 in a report on Friday, January 5th. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Monday.

Buckle Stock Performance

Shares of NYSE BKE opened at $36.53 on Tuesday. The stock has a fifty day moving average price of $39.04 and a two-hundred day moving average price of $38.67. The firm has a market cap of $1.86 billion, a P/E ratio of 8.28 and a beta of 1.23. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $48.15.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.15. The firm had revenue of $382.40 million during the quarter, compared to analyst estimates of $383.63 million. Buckle had a return on equity of 50.88% and a net margin of 17.44%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, April 11th. Buckle’s dividend payout ratio is presently 31.75%.

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, Reclaim, BKE Vintage, Nova Industries, J.B.