Buckle, Inc. (The) (NYSE:BKE) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,228 shares of the company’s stock after selling 2,852 shares during the period. Blueshift Asset Management LLC’s holdings in Buckle were worth $469,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Caption Management LLC acquired a new position in shares of Buckle in the 4th quarter valued at approximately $36,000. Bellwether Advisors LLC bought a new stake in shares of Buckle in the fourth quarter worth $43,000. State of Wyoming acquired a new stake in Buckle in the fourth quarter valued at $111,000. Viking Fund Management LLC acquired a new stake in Buckle in the first quarter valued at $115,000. Finally, Novem Group bought a new position in Buckle during the 4th quarter valued at $227,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Buckle

In other news, Director James E. Shada sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total transaction of $498,400.00. Following the completion of the transaction, the director directly owned 85,352 shares of the company’s stock, valued at approximately $4,253,943.68. This represents a 10.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 43,915 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total value of $1,744,303.80. Following the sale, the chief executive officer owned 1,706,335 shares in the company, valued at $67,775,626.20. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 105,046 shares of company stock worth $4,377,425 in the last three months. 39.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKE. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd.

Buckle Trading Down 0.3%

Shares of NYSE BKE opened at $49.23 on Friday. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.66 and a beta of 1.05. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The business has a 50 day simple moving average of $45.93 and a 200-day simple moving average of $41.94.

Buckle (NYSE:BKE) last released 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 firm had revenue of $272.12 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. Buckle’s dividend payout ratio (DPR) is currently 35.99%.

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.