Northern Trust Corp Sells 6,311 Shares of Buckle, Inc. (The) $BKE

Northern Trust Corp lowered its position in Buckle, Inc. (The) (NYSE:BKE) by 1.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 379,316 shares of the company’s stock after selling 6,311 shares during the period. Northern Trust Corp owned approximately 0.74% of Buckle worth $14,535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Balyasny Asset Management L.P. lifted its holdings in shares of Buckle by 515.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock valued at $14,987,000 after purchasing an additional 247,019 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Buckle by 180.6% during the fourth quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock valued at $14,466,000 after acquiring an additional 183,257 shares in the last quarter. American Century Companies Inc. raised its position in shares of Buckle by 13.5% in the 1st quarter. American Century Companies Inc. now owns 1,063,856 shares of the company’s stock valued at $40,767,000 after purchasing an additional 126,331 shares during the last quarter. Nuveen LLC acquired a new stake in Buckle in the 1st quarter worth approximately $3,850,000. Finally, Invesco Ltd. grew its position in Buckle by 42.1% during the 1st quarter. Invesco Ltd. now owns 329,601 shares of the company’s stock worth $12,630,000 after purchasing an additional 97,679 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In other 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 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 $4,253,943.68. The trade was a 10.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Peetz sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total transaction of $83,610.00. Following the completion of the transaction, the director owned 23,623 shares of the company’s stock, valued at approximately $1,316,746.02. This represents a 5.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,953 shares of company stock worth $1,472,125. 39.00% of the stock is owned by corporate insiders.

Buckle Stock Performance

NYSE:BKE opened at $57.69 on Thursday. Buckle, Inc. has a one year low of $33.12 and a one year high of $58.06. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 14.42 and a beta of 1.02. The firm’s fifty day moving average is $51.27 and its two-hundred day moving average is $43.32.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BKE. UBS Group raised their price target on shares of Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.00.

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.