New York State Common Retirement Fund Sells 6,188 Shares of Buckle, Inc. (The) (NYSE:BKE)

New York State Common Retirement Fund lessened its holdings in Buckle, Inc. (The) (NYSE:BKE) by 2.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 220,064 shares of the company’s stock after selling 6,188 shares during the period. New York State Common Retirement Fund owned approximately 0.43% of Buckle worth $8,433,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Caption Management LLC acquired a new stake in Buckle in the 4th quarter valued at $36,000. Bellwether Advisors LLC acquired a new position in Buckle in the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. boosted its stake in shares of Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock valued at $89,000 after purchasing an additional 240 shares during the last quarter. State of Wyoming bought a new stake in shares of Buckle in the 4th quarter valued at $111,000. Finally, Viking Fund Management LLC bought a new position in Buckle during the first quarter worth $115,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analysts Set New Price Targets

BKE has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd.

Buckle Stock Performance

NYSE BKE opened at $48.02 on Friday. The business has a fifty day moving average price of $44.16 and a 200 day moving average price of $41.98. The company has a market cap of $2.46 billion, a P/E ratio of 12.34 and a beta of 1.03. Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25.

Buckle (NYSE:BKE) last announced its 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 company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $264.28 million. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS.

Buckle Announces Dividend

The business also recently declared 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 dividend yield of 2.92%. The ex-dividend date is Tuesday, July 15th. Buckle’s dividend payout ratio (DPR) is 35.99%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction that occurred 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 owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 97,151 shares of company stock worth $3,955,563. 39.00% of the stock is owned by insiders.

Buckle Company 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.