Buckle, Inc. (The) (NYSE:BKE) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in Buckle, Inc. (The) (NYSE:BKE) by 2.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 523,404 shares of the company’s stock after selling 15,644 shares during the quarter. Bank of New York Mellon Corp’s holdings in Buckle were worth $20,057,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BKE. Caption Management LLC acquired a new stake in shares of Buckle during the 4th quarter valued at approximately $36,000. Bellwether Advisors LLC bought a new position in shares of Buckle during the fourth quarter worth about $43,000. PNC Financial Services Group Inc. grew its holdings in Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock worth $89,000 after buying an additional 240 shares in the last quarter. State of Wyoming acquired a new stake in shares of Buckle in the 4th quarter worth approximately $111,000. Finally, Viking Fund Management LLC acquired a new stake in Buckle in the 1st quarter valued at about $115,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Performance

NYSE:BKE opened at $48.02 on Friday. The company has a 50-day moving average of $44.16 and a 200-day moving average of $42.04. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 12.34 and a beta of 1.03. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25.

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

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle’s payout ratio is 35.99%.

Insider Transactions at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 43,915 shares of Buckle stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total value of $1,744,303.80. Following the transaction, the chief executive officer owned 1,706,335 shares of the company’s stock, valued at approximately $67,775,626.20. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 97,151 shares of company stock valued at $3,955,563 over the last ninety days. 39.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BKE. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th.

Buckle 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.