Northern Trust Corp Increases Stake in The Buckle, Inc. (NYSE:BKE)

Northern Trust Corp increased its holdings in The Buckle, Inc. (NYSE:BKE) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 385,627 shares of the company’s stock after acquiring an additional 23,002 shares during the quarter. Northern Trust Corp’s holdings in Buckle were worth $19,594,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Bellwether Advisors LLC bought a new position in shares of Buckle during the fourth quarter valued at about $43,000. Nebula Research & Development LLC lifted its stake in shares of Buckle by 27.0% in the 4th quarter. Nebula Research & Development LLC now owns 16,745 shares of the company’s stock valued at $851,000 after acquiring an additional 3,562 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Buckle by 21.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company’s stock valued at $623,000 after acquiring an additional 2,127 shares during the period. Dark Forest Capital Management LP grew its position in Buckle by 31.0% during the 4th quarter. Dark Forest Capital Management LP now owns 8,369 shares of the company’s stock worth $425,000 after acquiring an additional 1,981 shares during the last quarter. Finally, State of Tennessee Department of Treasury grew its position in Buckle by 46.6% during the 4th quarter. State of Tennessee Department of Treasury now owns 22,631 shares of the company’s stock worth $1,150,000 after acquiring an additional 7,189 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 2,105 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $36.36, for a total value of $76,537.80. Following the completion of the transaction, the chief executive officer now owns 1,728,250 shares of the company’s stock, valued at approximately $62,839,170. This represents a 0.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 55,558 shares of company stock valued at $2,159,719. Company insiders own 39.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BKE shares. UBS Group dropped their price objective on Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Buckle Price Performance

Shares of NYSE:BKE opened at $39.24 on Wednesday. The stock’s 50-day moving average is $36.45 and its 200 day moving average is $43.62. The company has a market cap of $2.01 billion, a PE ratio of 9.96 and a beta of 0.94. The Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.09. The firm had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $1.59 EPS.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th were issued a $0.35 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 annualized dividend and a yield of 3.57%. Buckle’s dividend payout ratio (DPR) is presently 36.08%.

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.