Handelsbanken Fonder AB Raises Holdings in The Buckle, Inc. (NYSE:BKE)

Handelsbanken Fonder AB grew its holdings in The Buckle, Inc. (NYSE:BKE) by 42.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,500 shares of the company’s stock after purchasing an additional 4,600 shares during the period. Handelsbanken Fonder AB’s holdings in Buckle were worth $594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. raised its position in Buckle by 74.1% in the 4th 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 last quarter. WealthPlan Investment Management LLC raised its holdings in shares of Buckle by 6.4% during the fourth quarter. WealthPlan Investment Management LLC now owns 11,447 shares of the company’s stock valued at $582,000 after purchasing an additional 686 shares during the last quarter. Everhart Financial Group Inc. lifted its position in Buckle by 8.1% during the fourth quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company’s stock valued at $414,000 after purchasing an additional 609 shares during the period. Monument Capital Management boosted its holdings in Buckle by 36.8% in the fourth quarter. Monument Capital Management now owns 8,985 shares of the company’s stock worth $457,000 after purchasing an additional 2,419 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Buckle by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 161,636 shares of the company’s stock worth $8,213,000 after purchasing an additional 6,000 shares during the last quarter. 53.93% of the stock is owned by institutional investors.

Buckle Trading Down 2.3%

Shares of BKE stock opened at $42.65 on Monday. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The stock has a market cap of $2.18 billion, a P/E ratio of 10.82 and a beta of 1.03. The company has a 50 day simple moving average of $38.60 and a two-hundred day simple moving average of $42.89.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The firm had revenue of $272.12 million during 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 revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 EPS.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle’s dividend payout ratio is 35.99%.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total value of $890,114.56. Following the completion of the sale, the chief executive officer now owns 1,655,204 shares in the company, valued at approximately $72,034,478.08. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 99,471 shares of company stock valued at $4,039,802. 39.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd. UBS Group reissued a “neutral” rating on shares of Buckle in a report on Wednesday, May 14th.

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.