RK Asset Management LLC Has $11.49 Million Stock Position in The Buckle, Inc. (NYSE:BKE)

RK Asset Management LLC reduced its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,029 shares of the company’s stock after selling 11,700 shares during the quarter. Buckle comprises 9.4% of RK Asset Management LLC’s investment portfolio, making the stock its biggest position. RK Asset Management LLC owned about 0.45% of Buckle worth $11,485,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BKE. Blue Trust Inc. grew its holdings in Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares during the last quarter. Quarry LP grew its holdings in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares during the last quarter. Quest Partners LLC bought a new position in Buckle during the 3rd quarter valued at about $86,000. Signaturefd LLC grew its holdings in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $98,000 after acquiring an additional 624 shares during the period. Finally, CWM LLC increased its position in shares of Buckle by 85.3% during the 3rd quarter. CWM LLC now owns 3,725 shares of the company’s stock valued at $164,000 after purchasing an additional 1,715 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Trading Up 1.0 %

Shares of Buckle stock traded up $0.52 during trading hours on Friday, hitting $51.63. 470,674 shares of the company were exchanged, compared to its average volume of 415,087. The business has a 50-day moving average of $49.18 and a 200-day moving average of $43.77. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 13.10 and a beta of 1.14.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue was down 3.3% compared to the same quarter last year.

Buckle Cuts Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $2.50 per share. The ex-dividend date is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Analysts Set New Price Targets

A number of equities analysts have commented on BKE shares. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research note on Thursday, December 26th.

Insiders Place Their Bets

In other news, Director Karen B. Rhoads sold 9,500 shares of Buckle stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total value of $490,485.00. Following the completion of the transaction, the director now directly owns 214,089 shares of the company’s stock, valued at approximately $11,053,415.07. The trade was a 4.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the sale, the chief executive officer now owns 1,760,187 shares in the company, valued at approximately $90,420,806.19. This trade represents a 1.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 134,265 shares of company stock valued at $6,414,313. Company insiders own 39.80% of the company’s stock.

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.