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

California State Teachers Retirement System lowered its holdings in The Buckle, Inc. (NYSE:BKE) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,518 shares of the company’s stock after selling 344 shares during the period. California State Teachers Retirement System owned about 0.06% of Buckle worth $1,449,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BKE. First Trust Advisors LP grew its position in Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock worth $84,518,000 after buying an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Buckle by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock worth $68,957,000 after purchasing an additional 10,178 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Buckle by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after purchasing an additional 69,258 shares during the period. American Century Companies Inc. raised its position in shares of Buckle by 12.0% during the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock worth $47,636,000 after purchasing an additional 100,173 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Buckle by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 815,688 shares of the company’s stock worth $41,454,000 after purchasing an additional 16,610 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Buying and Selling at Buckle

In related news, CEO Dennis H. Nelson sold 2,320 shares of the stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the sale, the chief executive officer now directly owns 1,743,375 shares in the company, valued at approximately $63,301,946.25. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 94,358 shares of company stock worth $3,706,836. 39.00% of the stock is currently owned by company insiders.

Buckle Stock Up 1.4%

Shares of NYSE:BKE opened at $43.28 on Monday. The company has a market cap of $2.21 billion, a P/E ratio of 10.98 and a beta of 1.03. The Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $54.25. The company’s fifty day moving average is $37.83 and its two-hundred day moving average is $43.15.

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

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 annualized dividend and a yield of 3.23%. Buckle’s dividend payout ratio is presently 35.99%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. 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, May 23rd.

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.