Exchange Traded Concepts LLC Sells 21,234 Shares of The Buckle, Inc. (NYSE:BKE)

Exchange Traded Concepts LLC lessened its holdings in The Buckle, Inc. (NYSE:BKE) by 35.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,727 shares of the company’s stock after selling 21,234 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of Buckle worth $1,968,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of BKE. Dimensional Fund Advisors LP grew its position in Buckle by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock valued at $49,566,000 after acquiring an additional 29,349 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Buckle in the 2nd quarter valued at $225,000. Sei Investments Co. grew its position in Buckle by 107.2% in the 2nd quarter. Sei Investments Co. now owns 44,102 shares of the company’s stock valued at $1,629,000 after acquiring an additional 22,820 shares during the last quarter. Public Sector Pension Investment Board grew its position in Buckle by 10.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 66,343 shares of the company’s stock valued at $2,451,000 after acquiring an additional 6,466 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Buckle by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,133 shares of the company’s stock valued at $670,000 after acquiring an additional 655 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Buckle Trading Down 1.0 %

Shares of BKE stock opened at $47.74 on Monday. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 12.12 and a beta of 1.15. The stock has a fifty day simple moving average of $50.66 and a two-hundred day simple moving average of $45.33.

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

Buckle Cuts Dividend

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

Insider Buying and Selling

In related news, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the sale, the director now directly owns 22,123 shares in the company, valued at $1,143,759.10. This represents a 10.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.90, for a total value of $877,433.70. Following the sale, the chief executive officer now owns 1,822,546 shares of the company’s stock, valued at $78,187,223.40. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,042 shares of company stock worth $5,747,200 in the last three months. 39.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BKE shares. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

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.