UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 10,043 Shares of The Buckle, Inc. (NYSE:BKE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of The Buckle, Inc. (NYSE:BKE) by 16.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,299 shares of the company’s stock after selling 10,043 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.10% of Buckle worth $2,300,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Blue Trust Inc. increased its position in shares of Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after acquiring an additional 270 shares in the last quarter. Unison Advisors LLC increased its holdings in shares of Buckle by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock worth $1,665,000 after purchasing an additional 334 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Buckle by 0.7% in the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after purchasing an additional 396 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Buckle by 2.8% during the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after purchasing an additional 400 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of Buckle by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock valued at $802,000 after buying an additional 410 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKE shares. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday.

Buckle Stock Performance

Buckle stock opened at $52.18 on Friday. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The stock has a fifty day moving average of $46.89 and a 200 day moving average of $42.43. The stock has a market cap of $2.65 billion, a PE ratio of 13.24 and a beta of 1.14.

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

Buckle Cuts Dividend

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

Insider Transactions at Buckle

In other Buckle news, Director Karen B. Rhoads sold 9,500 shares of Buckle stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 of the company’s stock, valued at $11,053,415.07. The trade was a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.73, for a total transaction of $853,503.69. Following the completion of the transaction, the chief executive officer now owns 1,863,452 shares of the company’s stock, valued at approximately $77,761,851.96. The trade was a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,265 shares of company stock worth $6,270,732 in the last three months. Corporate insiders own 39.80% of the company’s stock.

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.