Denali Advisors LLC Decreases Holdings in Buckle, Inc. (The) $BKE

Denali Advisors LLC cut its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 107,700 shares of the company’s stock after selling 26,900 shares during the period. Denali Advisors LLC’s holdings in Buckle were worth $5,753,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BKE. AQR Capital Management LLC raised its stake in Buckle by 9.5% during the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after buying an additional 8,202 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after buying an additional 797 shares during the last quarter. Millennium Management LLC raised its stake in Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after buying an additional 13,189 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Buckle by 323.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock worth $1,241,000 after purchasing an additional 20,905 shares in the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Buckle

In related news, EVP Kari G. Smith sold 48,860 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total value of $2,462,055.40. Following the completion of the transaction, the executive vice president owned 76,754 shares of the company’s stock, valued at approximately $3,867,634.06. This represents a 38.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michelle Hoffman sold 29,281 shares of the company’s stock in a transaction on Friday, March 20th. The stock was sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the completion of the transaction, the senior vice president directly owned 45,882 shares of the company’s stock, valued at $2,253,723.84. This represents a 38.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,200 shares of company stock valued at $6,517,932 in the last ninety days. 39.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BKE has been the subject of several analyst reports. UBS Group reduced their price objective on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Buckle has an average rating of “Moderate Buy” and an average price target of $53.00.

Buckle Price Performance

NYSE:BKE opened at $52.45 on Friday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 12.67 and a beta of 1.16. Buckle, Inc. has a one year low of $36.57 and a one year high of $61.69. The business has a fifty day moving average price of $52.44 and a 200-day moving average price of $53.72.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. The company had revenue of $399.14 million during the quarter, compared to the consensus estimate of $396.45 million. Buckle had a net margin of 16.16% and a return on equity of 45.18%. Buckle’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.53 EPS.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.40 annualized dividend and a yield of 2.7%. Buckle’s dividend payout ratio is currently 33.82%.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.