Exchange Traded Concepts LLC Sells 11,687 Shares of Buckle, Inc. (The) $BKE

Exchange Traded Concepts LLC lessened its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 86.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,854 shares of the company’s stock after selling 11,687 shares during the period. Exchange Traded Concepts LLC’s holdings in Buckle were worth $99,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. AQR Capital Management LLC lifted its stake in Buckle by 9.5% in the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after acquiring an additional 8,202 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 acquiring an additional 797 shares in the last quarter. Millennium Management LLC lifted its stake in 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 acquiring an additional 13,189 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Buckle by 323.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock valued at $1,241,000 after acquiring an additional 20,905 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kari G. Smith sold 48,860 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $50.39, for a total transaction of $2,462,055.40. Following the sale, the executive vice president owned 76,754 shares in the company, valued at $3,867,634.06. This represents a 38.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michelle Hoffman sold 29,281 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $49.12, for a total value of $1,438,282.72. Following the sale, the senior vice president owned 45,882 shares in the company, valued at approximately $2,253,723.84. This represents a 38.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 80,000 shares of company stock worth $3,993,072. Company insiders own 39.00% of the company’s stock.

Wall Street Analyst Weigh In

BKE has been the subject of a number of analyst reports. Weiss Ratings raised shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group decreased their target price on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Buckle Stock Up 4.8%

Shares of Buckle stock opened at $53.76 on Thursday. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69. The stock has a market cap of $2.77 billion, a P/E ratio of 12.98 and a beta of 1.18. The business’s 50 day moving average is $51.23 and its 200-day moving average is $54.00.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million for the quarter, compared to analysts’ expectations of $396.45 million. During the same quarter in the prior year, the business posted $1.53 EPS. The business’s revenue was up 5.2% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. Buckle’s dividend payout ratio is currently 33.82%.

About Buckle

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.