Bokf Na Has $531,000 Position in The Buckle, Inc. (NYSE:BKE)

Bokf Na lessened its stake in The Buckle, Inc. (NYSE:BKE) by 15.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,530 shares of the company’s stock after selling 1,916 shares during the quarter. Bokf Na’s holdings in Buckle were worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. increased its stake in shares of Buckle by 515.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock worth $14,987,000 after acquiring an additional 247,019 shares during the last quarter. Teacher Retirement System of Texas increased its position 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 purchasing an additional 155,366 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock worth $84,518,000 after purchasing an additional 137,972 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock valued at $47,636,000 after buying an additional 100,173 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Buckle in the 4th quarter valued at approximately $4,909,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total transaction of $835,709.58. Following the completion of the sale, the chief executive officer now owns 1,678,375 shares in the company, valued at $68,578,402.50. This represents a 1.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 76,011 shares of company stock worth $3,047,788. Company insiders own 39.00% of the company’s stock.

Buckle Stock Performance

Shares of BKE stock opened at $36.95 on Friday. The stock’s 50 day simple moving average is $36.39 and its 200 day simple moving average is $43.66. The Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 9.38 and a beta of 0.94.

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. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. During the same period in the previous year, the company earned $1.59 earnings per share. Buckle’s revenue for the quarter was down .8% on a year-over-year basis.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Tuesday, April 15th. Buckle’s dividend payout ratio is currently 36.08%.

Analysts Set New Price Targets

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

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.