The Buckle, Inc. (NYSE:BKE) Shares Sold by Sprott Inc.

Sprott Inc. cut its stake in shares of The Buckle, Inc. (NYSE:BKE) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,000 shares of the company’s stock after selling 20,000 shares during the quarter. Sprott Inc. owned 0.47% of Buckle worth $12,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of Buckle by 52.0% during 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 during the last quarter. Quarry LP raised its holdings in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares during the period. DGS Capital Management LLC lifted its stake in Buckle by 6.8% during the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock valued at $314,000 after buying an additional 451 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Buckle by 8.1% in the fourth quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company’s stock worth $414,000 after buying an additional 609 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Buckle by 4.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 15,770 shares of the company’s stock worth $801,000 after acquiring an additional 622 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Trading Down 2.9 %

Shares of NYSE BKE opened at $40.21 on Wednesday. The firm has a market capitalization of $2.04 billion, a PE ratio of 10.21 and a beta of 1.14. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The business has a 50-day moving average price of $47.64 and a two-hundred day moving average price of $46.01.

Buckle Cuts Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a $2.50 dividend. The ex-dividend date was Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio is presently 35.53%.

Insiders Place Their Bets

In related news, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the transaction, the director now owns 22,123 shares of the company’s stock, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the chief executive officer now directly owns 1,698,828 shares of the company’s stock, valued at $73,763,111.76. This represents a 1.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,542 shares of company stock worth $5,267,351 in the last quarter. 39.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKE. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and upped their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.