Blueshift Asset Management LLC Acquires New Stake in The Buckle, Inc. (NYSE:BKE)

Blueshift Asset Management LLC purchased a new stake in shares of The Buckle, Inc. (NYSE:BKE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,080 shares of the company’s stock, valued at approximately $766,000.

Other large investors have also added to or reduced their stakes in the company. Impala Asset Management LLC raised its position in Buckle by 43.3% during the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares in the last quarter. Geode Capital Management LLC raised its position in Buckle by 4.8% during the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock valued at $35,142,000 after purchasing an additional 36,472 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Buckle during the third quarter valued at about $1,629,000. JPMorgan Chase & Co. raised its position in Buckle by 3.4% during the third quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company’s stock valued at $6,852,000 after purchasing an additional 5,185 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Buckle by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after purchasing an additional 69,258 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Price Performance

NYSE BKE opened at $38.41 on Thursday. The stock has a market capitalization of $1.95 billion, a PE ratio of 9.75 and a beta of 1.17. The Buckle, Inc. has a 1 year low of $34.67 and a 1 year high of $54.25. The business’s 50-day moving average is $43.45 and its 200 day moving average is $45.50.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BKE shares. StockNews.com downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group decreased their price objective on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $36.32, for a total transaction of $557,148.80. Following the sale, the chief executive officer now directly owns 1,647,695 shares of the company’s stock, valued at approximately $59,844,282.40. The trade was a 0.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 92,269 shares of company stock valued at $3,952,882 over the last ninety days. 39.80% of the stock is owned by insiders.

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.