New York State Common Retirement Fund Has $11.50 Million Position in The Buckle, Inc. (NYSE:BKE)

New York State Common Retirement Fund cut its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,252 shares of the company’s stock after selling 284 shares during the quarter. New York State Common Retirement Fund owned approximately 0.45% of Buckle worth $11,496,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock worth $35,000 after acquiring an additional 270 shares in the last quarter. Quarry LP increased its position in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the last quarter. DGS Capital Management LLC raised its stake in shares of Buckle by 6.8% during the 3rd quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock worth $314,000 after purchasing an additional 451 shares in the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Buckle by 8.1% in the 4th quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company’s stock valued at $414,000 after buying an additional 609 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its stake 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 valued at $801,000 after buying an additional 622 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kari G. Smith sold 20,000 shares of Buckle stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the sale, the executive vice president now owns 150,554 shares of the company’s stock, valued at approximately $7,872,468.66. This trade represents a 11.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the completion of the sale, the chief executive officer now directly owns 1,781,640 shares of the company’s stock, valued at approximately $94,747,615.20. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,542 shares of company stock valued at $5,267,351. Company insiders own 39.80% of the company’s stock.

Buckle Stock Up 0.7 %

BKE opened at $41.45 on Tuesday. The Buckle, Inc. has a 12-month low of $34.87 and a 12-month high of $54.25. The business has a 50 day moving average of $47.87 and a 200-day moving average of $46.01. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 10.52 and a beta of 1.14.

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

Buckle Cuts Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on BKE. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and upped their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

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.