Buckle, Inc. (The) (NYSE:BKE) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 12.6% during the first quarter, Holdings Channel.com reports. The fund owned 24,377 shares of the company’s stock after buying an additional 2,727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Buckle were worth $926,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Balyasny Asset Management L.P. boosted its holdings in Buckle by 515.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock worth $14,987,000 after buying an additional 247,019 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Buckle by 180.6% in the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock worth $14,466,000 after buying an additional 183,257 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Buckle by 442.8% in the 4th quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company’s stock worth $9,677,000 after buying an additional 155,366 shares during the last quarter. First Trust Advisors LP boosted its holdings in Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock worth $84,518,000 after buying an additional 137,972 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Buckle by 12.0% in the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock worth $47,636,000 after buying an additional 100,173 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BKE shares. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd.

Buckle Price Performance

Shares of Buckle stock opened at $47.63 on Friday. The stock has a market cap of $2.44 billion, a P/E ratio of 12.24 and a beta of 1.03. The stock’s 50 day simple moving average is $41.80 and its 200-day simple moving average is $42.28. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 23rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The firm had revenue of $272.12 million for the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Tuesday, July 15th. Buckle’s payout ratio is presently 35.99%.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the sale, the chief executive officer owned 1,655,204 shares of the company’s stock, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 99,471 shares of company stock worth $4,039,802. 39.00% of the stock is currently owned by insiders.

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.