Buckle, Inc. (The) $BKE Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its position in Buckle, Inc. (The) (NYSE:BKE) by 24.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,700 shares of the company’s stock after selling 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Buckle were worth $531,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Buckle by 36.3% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,208 shares of the company’s stock worth $506,000 after buying an additional 3,521 shares in the last quarter. CWM LLC grew its holdings in Buckle by 185.6% during the second quarter. CWM LLC now owns 9,885 shares of the company’s stock worth $448,000 after acquiring an additional 6,424 shares during the period. Bank of New York Mellon Corp grew its holdings in Buckle by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 532,522 shares of the company’s stock worth $24,150,000 after acquiring an additional 9,118 shares during the period. Geode Capital Management LLC raised its position in Buckle by 5.6% in the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company’s stock worth $40,861,000 after acquiring an additional 47,751 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in Buckle by 100.4% in the second quarter. Intech Investment Management LLC now owns 101,543 shares of the company’s stock valued at $4,605,000 after acquiring an additional 50,866 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling

In other news, Director James E. Shada sold 20,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $59.49, for a total value of $1,189,800.00. Following the completion of the transaction, the director directly owned 55,352 shares of the company’s stock, valued at $3,292,890.48. The trade was a 26.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kari G. Smith sold 20,000 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $59.36, for a total value of $1,187,200.00. Following the completion of the sale, the executive vice president owned 150,354 shares in the company, valued at $8,925,013.44. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,000 shares of company stock worth $2,738,020 in the last ninety days. Insiders own 39.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BKE. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Monday, November 24th. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a report on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.00.

Buckle Stock Down 1.4%

NYSE:BKE opened at $56.48 on Friday. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $61.69. The stock has a fifty day simple moving average of $56.20 and a 200-day simple moving average of $51.93. The company has a market capitalization of $2.89 billion, a PE ratio of 14.12 and a beta of 1.12.

Buckle (NYSE:BKE) last posted its earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $320.84 million during the quarter, compared to the consensus estimate of $317.97 million. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm posted $0.88 EPS.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, October 15th. Buckle’s payout ratio is currently 34.31%.

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.