Buckle, Inc. (The) $BKE Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in Buckle, Inc. (The) (NYSE:BKE) by 7.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,081 shares of the company’s stock after selling 22,766 shares during the quarter. Advisors Asset Management Inc. owned about 0.52% of Buckle worth $15,550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BKE. AQR Capital Management LLC grew its holdings in shares of Buckle by 9.5% in the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after purchasing an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Buckle by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after buying an additional 797 shares during the period. Millennium Management LLC grew its stake in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after buying an additional 13,189 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock valued at $110,000 after buying an additional 270 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group reiterated a “neutral” rating on shares of Buckle in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Finally, Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Buckle Trading Down 0.4%

NYSE:BKE opened at $52.13 on Wednesday. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69. The firm has a market cap of $2.67 billion, a PE ratio of 12.78 and a beta of 1.19. The stock has a fifty day moving average price of $53.75 and a 200 day moving average price of $55.28.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $320.84 million for the quarter, compared to analyst estimates of $317.97 million. Buckle had a return on equity of 44.42% and a net margin of 16.13%.Buckle’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS.

Buckle Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, January 29th. Investors of record on Thursday, January 15th were paid a $3.00 dividend. The ex-dividend date was Thursday, January 15th. Buckle’s payout ratio is currently 34.31%.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.