Illinois Municipal Retirement Fund Sells 1,577 Shares of The Buckle, Inc. (NYSE:BKE)

Illinois Municipal Retirement Fund decreased its position in The Buckle, Inc. (NYSE:BKE) by 8.8% during the 4th quarter, HoldingsChannel reports. The fund owned 16,292 shares of the company’s stock after selling 1,577 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Buckle were worth $774,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP lifted its stake in Buckle by 408.3% in the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock valued at $33,000 after acquiring an additional 788 shares in the last quarter. Planned Solutions Inc. bought a new stake in Buckle in the 4th quarter valued at approximately $44,000. CWM LLC increased its position in shares of Buckle by 321.2% during the 4th quarter. CWM LLC now owns 1,112 shares of the company’s stock worth $53,000 after purchasing an additional 848 shares during the last quarter. Signaturefd LLC increased its position in shares of Buckle by 113.7% during the 4th quarter. Signaturefd LLC now owns 1,404 shares of the company’s stock worth $67,000 after purchasing an additional 747 shares during the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Buckle by 1,181.9% during the 3rd quarter. Quantbot Technologies LP now owns 4,461 shares of the company’s stock worth $149,000 after purchasing an additional 4,113 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

BKE has been the topic of several recent analyst reports. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research report on Monday, April 15th. UBS Group lowered Buckle from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $37.00 to $34.00 in a research report on Friday, January 5th.

Buckle Trading Up 0.1 %

BKE stock opened at $37.60 on Tuesday. The firm has a market capitalization of $1.91 billion, a PE ratio of 8.53 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. The business’s 50 day simple moving average is $38.62 and its 200 day simple moving average is $38.96.

Buckle (NYSE:BKE) last posted its earnings results on Friday, March 15th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.15. The business had revenue of $382.40 million for 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 revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.76 EPS.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Friday, April 12th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Thursday, April 11th. Buckle’s payout ratio is presently 31.75%.

Buckle Company 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.