Redhawk Wealth Advisors Inc. Raises Holdings in The Buckle, Inc. (NYSE:BKE)

Redhawk Wealth Advisors Inc. raised its position in The Buckle, Inc. (NYSE:BKE) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,770 shares of the company’s stock after purchasing an additional 622 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Buckle were worth $801,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. Quarry LP increased its stake in shares of Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after acquiring an additional 355 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Buckle during the 3rd quarter worth $86,000. Signaturefd LLC boosted its position in shares of Buckle by 38.7% during the 3rd quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after acquiring an additional 624 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Buckle by 85.3% in the third 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.

Buckle Price Performance

NYSE BKE opened at $47.24 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 11.99 and a beta of 1.15. The firm’s 50-day moving average is $50.52 and its two-hundred day moving average is $44.69. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25.

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

Buckle Cuts Dividend

The company 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 dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date is Wednesday, January 15th. Buckle’s payout ratio is 35.53%.

Insider Activity at Buckle

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total value of $1,045,800.00. Following the completion of the transaction, the executive vice president now owns 150,554 shares in the company, valued at $7,872,468.66. The trade was a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the sale, the chief executive officer now directly owns 1,822,546 shares in the company, valued at approximately $78,187,223.40. This represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,265 shares of company stock worth $6,615,570 in the last three months. 39.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on BKE shares. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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.