FORA Capital LLC Invests $280,000 in The Buckle, Inc. (NYSE:BKE)

FORA Capital LLC acquired a new stake in The Buckle, Inc. (NYSE:BKE) during the 4th quarter, Holdings Channel reports. The fund acquired 5,506 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKE. PNC Financial Services Group Inc. raised its stake in shares of Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock valued at $89,000 after purchasing an additional 240 shares during the period. Unison Advisors LLC grew its holdings in shares of Buckle by 0.8% during the fourth quarter. Unison Advisors LLC now owns 38,166 shares of the company’s stock worth $1,939,000 after buying an additional 307 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Buckle by 1.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 32,802 shares of the company’s stock valued at $1,666,000 after buying an additional 468 shares during the last quarter. Blue Trust Inc. lifted its stake in Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 585 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after acquiring an additional 601 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Stock Performance

Shares of NYSE BKE opened at $36.95 on Friday. The stock has a 50 day moving average price of $36.39 and a 200 day moving average price of $43.67. The stock has a market capitalization of $1.89 billion, a PE ratio of 9.38 and a beta of 0.94. The 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 data on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.44 by $0.09. The company had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.59 EPS.

Buckle Announces Dividend

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

Analyst Ratings Changes

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

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the transaction, the chief executive officer now owns 1,698,828 shares of the company’s stock, valued at $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 76,011 shares of company stock valued at $3,047,788. 39.00% of the stock is owned by company 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.