State of Alaska Department of Revenue Decreases Holdings in Buckle, Inc. (The) (NYSE:BKE)

State of Alaska Department of Revenue trimmed its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,575 shares of the company’s stock after selling 394 shares during the period. State of Alaska Department of Revenue’s holdings in Buckle were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. boosted its position in Buckle by 15.8% during 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 during the period. SummerHaven Investment Management LLC boosted its position in Buckle by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 21,348 shares of the company’s stock worth $818,000 after purchasing an additional 302 shares during the period. Unison Advisors LLC boosted its position in Buckle by 0.8% during the 4th quarter. Unison Advisors LLC now owns 38,166 shares of the company’s stock worth $1,939,000 after purchasing an additional 307 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Buckle by 1.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company’s stock worth $1,666,000 after purchasing an additional 468 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company’s stock worth $893,000 after purchasing an additional 571 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Price Performance

NYSE:BKE opened at $45.55 on Friday. The firm has a 50-day moving average of $40.56 and a two-hundred day moving average of $42.38. The stock has a market cap of $2.33 billion, a P/E ratio of 11.71 and a beta of 1.03. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25.

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

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.07%. Buckle’s payout ratio is currently 35.99%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 2,105 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $36.36, for a total transaction of $76,537.80. Following the transaction, the chief executive officer now owns 1,728,250 shares of the company’s stock, valued at approximately $62,839,170. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 99,471 shares of company stock valued at $4,039,802 in the last ninety days. Insiders own 39.00% of the company’s stock.

Analyst Ratings Changes

BKE has been the subject of a number of research reports. Wall Street Zen raised shares of 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.

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.