Skandinaviska Enskilda Banken AB publ Raises Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Skandinaviska Enskilda Banken AB publ increased its position in The Buckle, Inc. (NYSE:BKE) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 219,700 shares of the company’s stock after buying an additional 34,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.43% of Buckle worth $11,257,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Buckle in the fourth quarter worth $31,000. Quarry LP increased its position in Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after purchasing an additional 355 shares during the period. Smartleaf Asset Management LLC increased its position in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after purchasing an additional 601 shares during the period. Blue Trust Inc. increased its position in Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after purchasing an additional 585 shares during the period. Finally, Quest Partners LLC purchased a new position in Buckle during the 3rd quarter valued at $86,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the sale, the chief executive officer now owns 1,760,187 shares in the company, valued at approximately $90,420,806.19. The trade was a 1.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 97,382 shares of company stock worth $4,446,403. Corporate insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Buckle Trading Up 2.6 %

Shares of Buckle stock opened at $36.07 on Friday. The company’s fifty day simple moving average is $44.22 and its two-hundred day simple moving average is $45.57. The company has a market cap of $1.83 billion, a P/E ratio of 9.15 and a beta of 1.17. The Buckle, Inc. has a 12-month low of $34.67 and a 12-month high of $54.25.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million for the quarter, compared to analysts’ expectations of $378.97 million. During the same quarter in the previous year, the business posted $1.59 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis.

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.