The Buckle, Inc. (NYSE:BKE) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its holdings in The Buckle, Inc. (NYSE:BKE) by 23.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 29,815 shares of the company’s stock after selling 9,046 shares during the period. Gotham Asset Management LLC’s holdings in The Buckle were worth $1,171,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. KBC Group NV purchased a new stake in shares of The Buckle in the first quarter valued at about $35,000. Vantage Consulting Group Inc purchased a new stake in shares of The Buckle in the fourth quarter valued at about $30,000. Fieldpoint Private Securities LLC purchased a new stake in shares of The Buckle in the first quarter valued at about $78,000. Pinz Capital Management LP purchased a new position in The Buckle during the first quarter worth about $130,000. Finally, Mutual of America Capital Management LLC raised its holdings in The Buckle by 6.9% during the first quarter. Mutual of America Capital Management LLC now owns 3,827 shares of the company’s stock worth $150,000 after purchasing an additional 248 shares in the last quarter. 56.36% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of The Buckle from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

In other The Buckle news, CEO Dennis H. Nelson sold 15,000 shares of the stock in a transaction dated Wednesday, July 7th. The shares were sold at an average price of $45.79, for a total value of $686,850.00. Following the completion of the transaction, the chief executive officer now directly owns 274,500 shares of the company’s stock, valued at $12,569,355. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Kelli D. Molczyk sold 2,500 shares of the stock in a transaction dated Wednesday, June 16th. The shares were sold at an average price of $42.05, for a total transaction of $105,125.00. Following the completion of the transaction, the vice president now directly owns 53,163 shares of the company’s stock, valued at $2,235,504.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,500 shares of company stock valued at $2,751,875. 41.90% of the stock is currently owned by corporate insiders.

NYSE BKE opened at $44.02 on Thursday. The stock has a market capitalization of $2.19 billion, a PE ratio of 10.68 and a beta of 1.19. The Buckle, Inc. has a 52-week low of $14.59 and a 52-week high of $50.79. The business’s 50-day moving average price is $43.47.

The Buckle (NYSE:BKE) last posted its quarterly earnings results on Thursday, May 20th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.73. The Buckle had a net margin of 18.36% and a return on equity of 47.05%. The firm had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $197.90 million. During the same period in the prior year, the company posted ($0.24) earnings per share. The firm’s revenue for the quarter was up 159.2% on a year-over-year basis. On average, analysts expect that The Buckle, Inc. will post 3.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 29th. Shareholders of record on Thursday, July 15th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, July 14th. This represents a $1.32 dividend on an annualized basis and a yield of 3.00%. The Buckle’s dividend payout ratio (DPR) is presently 49.62%.

The 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Departwest, Reclaim, Salvage, Nova Industries, and Veece.

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Institutional Ownership by Quarter for The Buckle (NYSE:BKE)

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