Buckle, Inc. (The) (NYSE:BKE) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Buckle, Inc. (The) (NYSE:BKE) by 13,565.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,585 shares of the company’s stock after buying an additional 18,449 shares during the period. GAMMA Investing LLC’s holdings in Buckle were worth $712,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock worth $89,000 after purchasing an additional 240 shares in the last quarter. Unison Advisors LLC raised its position in shares of Buckle by 0.8% during the 4th quarter. Unison Advisors LLC now owns 38,166 shares of the company’s stock valued at $1,939,000 after buying an additional 307 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Buckle by 1.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company’s stock valued at $1,666,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company’s stock valued at $893,000 after buying an additional 571 shares during the period. Finally, Blue Trust Inc. raised its position in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after purchasing an additional 585 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 2,320 shares of the business’s stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the transaction, the chief executive officer now owns 1,743,375 shares in the company, valued at approximately $63,301,946.25. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 99,471 shares of company stock worth $4,039,802. Corporate insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BKE shares. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research report on Friday, May 23rd. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th.

Buckle Stock Down 0.3%

Shares of NYSE BKE opened at $44.51 on Wednesday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 11.44 and a beta of 1.03. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25. The business’s 50 day moving average is $38.98 and its two-hundred day moving average is $42.84.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, May 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share.

Buckle Dividend Announcement

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 paid a dividend of $0.35 per share. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.15%. Buckle’s payout ratio is currently 35.99%.

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.