The Buckle, Inc. (NYSE:BKE) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in The Buckle, Inc. (NYSE:BKE) by 74.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,113 shares of the company’s stock after selling 111,689 shares during the quarter. Bank of America Corp DE’s holdings in Buckle were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKE. Teacher Retirement System of Texas boosted its holdings in Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company’s stock valued at $9,677,000 after acquiring an additional 155,366 shares during the last quarter. First Trust Advisors LP boosted its holdings in Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after acquiring an additional 137,972 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Buckle by 12.0% during the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock worth $47,636,000 after purchasing an additional 100,173 shares in the last quarter. Norges Bank acquired a new position in shares of Buckle during the fourth quarter worth about $4,909,000. Finally, Amundi lifted its stake in shares of Buckle by 4,016.8% during the fourth quarter. Amundi now owns 75,297 shares of the company’s stock worth $3,787,000 after purchasing an additional 73,468 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BKE shares. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. UBS Group restated a “neutral” rating on shares of Buckle in a research note on Wednesday, May 14th.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $36.32, for a total value of $557,148.80. Following the completion of the sale, the chief executive officer now directly owns 1,647,695 shares of the company’s stock, valued at $59,844,282.40. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 94,358 shares of company stock valued at $3,706,836. 39.00% of the stock is currently owned by insiders.

Buckle Price Performance

Shares of BKE opened at $42.93 on Wednesday. The stock’s 50-day moving average is $37.57 and its two-hundred day moving average is $43.28. The stock has a market cap of $2.20 billion, a PE ratio of 10.90 and a beta of 0.94. The Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, May 23rd. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $264.28 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Tuesday, April 15th. Buckle’s payout ratio is 35.99%.

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.