Nuveen Asset Management LLC Raises Position in The Buckle, Inc. (NYSE:BKE)

Nuveen Asset Management LLC boosted its stake in The Buckle, Inc. (NYSE:BKE) by 180.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 284,713 shares of the company’s stock after buying an additional 183,257 shares during the period. Nuveen Asset Management LLC owned 0.56% of Buckle worth $14,466,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its holdings in Buckle by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock worth $89,000 after buying an additional 240 shares during the period. Unison Advisors LLC lifted its holdings in Buckle by 0.8% in the fourth quarter. Unison Advisors LLC now owns 38,166 shares of the company’s stock worth $1,939,000 after buying an additional 307 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in Buckle by 1.4% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company’s stock worth $1,666,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Buckle by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company’s stock worth $893,000 after buying an additional 571 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock worth $70,000 after buying an additional 585 shares during the period. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the transaction, the chief executive officer now directly owns 1,663,035 shares in the company, valued at $65,706,512.85. The trade was a 0.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 130,151 shares of company stock worth $5,148,629 in the last three months. Insiders own 39.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BKE. UBS Group restated a “neutral” rating on shares of Buckle in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday.

Buckle Stock Performance

BKE stock opened at $41.21 on Monday. The firm has a 50 day moving average price of $37.08 and a 200-day moving average price of $43.47. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.46 and a beta of 0.94.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. During the same period last year, the business earned $0.70 earnings per share. The business’s revenue was up 3.7% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were issued a $0.35 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.40%. Buckle’s payout ratio is currently 36.08%.

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.