Burney Co. Sells 2,118 Shares of The Buckle, Inc. (NYSE:BKE)

Burney Co. decreased its position in shares of The Buckle, Inc. (NYSE:BKE) by 7.1% in the 4th quarter, Holdings Channel reports. The fund owned 27,749 shares of the company’s stock after selling 2,118 shares during the quarter. Burney Co.’s holdings in Buckle were worth $1,410,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Buckle by 52.0% in the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after buying an additional 270 shares in the last quarter. Quarry LP boosted its holdings in shares of Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after acquiring an additional 355 shares during the period. Quest Partners LLC bought a new position in shares of Buckle in the third quarter worth $86,000. Signaturefd LLC grew its position in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after purchasing an additional 624 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Buckle by 85.3% during the 3rd quarter. CWM LLC now owns 3,725 shares of the company’s stock valued at $164,000 after purchasing an additional 1,715 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

BKE has been the subject of a number of recent analyst reports. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Stock Performance

Buckle stock opened at $47.24 on Friday. The Buckle, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $54.25. The stock has a market cap of $2.40 billion, a P/E ratio of 11.99 and a beta of 1.15. The firm’s fifty day moving average price is $50.52 and its 200-day moving average price is $44.69.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The business had revenue of $293.60 million during the quarter, compared to the consensus estimate of $293.60 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share.

Buckle Cuts Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be paid a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, January 15th. Buckle’s dividend payout ratio is currently 35.53%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $43.00, for a total transaction of $879,479.00. Following the sale, the chief executive officer now owns 1,842,999 shares in the company, valued at approximately $79,248,957. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Karen B. Rhoads sold 9,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now owns 214,089 shares of the company’s stock, valued at $11,053,415.07. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,265 shares of company stock worth $6,615,570 over the last three months. 39.80% of the stock is owned by insiders.

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.