Asset Management One Co. Ltd. Reduces Holdings in The Buckle, Inc. (NYSE:BKE)

Asset Management One Co. Ltd. reduced its stake in shares of The Buckle, Inc. (NYSE:BKE) by 10.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 43,406 shares of the company’s stock after selling 4,936 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Buckle were worth $2,237,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BKE. Impala Asset Management LLC boosted its holdings in shares of Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after buying an additional 110,273 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Buckle during the 3rd quarter worth about $4,753,000. State Street Corp raised its position in shares of Buckle by 5.7% during the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock worth $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Buckle by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock worth $53,509,000 after purchasing an additional 48,436 shares in the last quarter. Finally, Maverick Capital Ltd. bought a new stake in shares of Buckle in the 3rd quarter worth approximately $1,629,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKE has been the topic of several analyst reports. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and raised their target price for the company from $31.00 to $46.00 in a report on Tuesday, November 12th.

Insider Buying and Selling at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $53.18, for a total value of $1,087,690.54. Following the completion of the transaction, the chief executive officer now owns 1,781,640 shares in the company, valued at $94,747,615.20. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kari G. Smith sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the transaction, the executive vice president now owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This trade represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 114,042 shares of company stock valued at $5,757,836. 39.80% of the stock is currently owned by corporate insiders.

Buckle Stock Performance

Buckle stock opened at $42.94 on Thursday. The business’s 50-day simple moving average is $48.49 and its 200-day simple moving average is $45.92. The firm has a market capitalization of $2.18 billion, a PE ratio of 10.90 and a beta of 1.14. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $54.25.

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

Buckle Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were issued a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle’s payout ratio is 35.53%.

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.