Buckle, Inc. (The) $BKE Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in Buckle, Inc. (The) (NYSE:BKE) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,307 shares of the company’s stock after selling 2,581 shares during the period. Deutsche Bank AG owned approximately 0.06% of Buckle worth $1,161,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Caption Management LLC acquired a new stake in Buckle in the 4th quarter valued at about $36,000. Bellwether Advisors LLC acquired a new stake in Buckle in the 4th quarter valued at about $43,000. State of Wyoming acquired a new stake in Buckle in the 4th quarter valued at about $111,000. Viking Fund Management LLC acquired a new stake in Buckle in the 1st quarter valued at about $115,000. Finally, Novem Group acquired a new stake in Buckle in the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Activity at Buckle

In related news, Director James E. Shada sold 10,000 shares of Buckle stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the completion of the sale, the director owned 85,352 shares in the company, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the completion of the sale, the chief executive officer owned 1,655,204 shares of the company’s stock, valued at $72,034,478.08. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. 39.00% of the stock is currently owned by company insiders.

Buckle Price Performance

Shares of NYSE BKE opened at $56.2580 on Friday. The company has a 50 day simple moving average of $49.34 and a 200-day simple moving average of $42.59. The company has a market capitalization of $2.88 billion, a P/E ratio of 14.06 and a beta of 1.05. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $57.53.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The business had revenue of $305.74 million during the quarter, compared to the consensus estimate of $292.61 million. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue was up 8.3% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, July 15th. Buckle’s dividend payout ratio (DPR) is 35.99%.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of recent research reports. UBS Group increased their price objective on shares of Buckle from $40.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

Buckle 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.