Edgestream Partners L.P. Reduces Holdings in The Buckle, Inc. (NYSE:BKE)

Edgestream Partners L.P. lessened its position in shares of The Buckle, Inc. (NYSE:BKE) by 62.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,310 shares of the company’s stock after selling 48,012 shares during the period. Edgestream Partners L.P. owned 0.06% of Buckle worth $1,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BKE. Norges Bank purchased a new position in shares of Buckle during the 4th quarter valued at $9,828,000. First Trust Advisors LP lifted its holdings in Buckle by 30.3% during the 4th quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after purchasing an additional 178,794 shares in the last quarter. American Century Companies Inc. lifted its holdings in Buckle by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after purchasing an additional 87,690 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Buckle by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,287,797 shares of the company’s stock worth $203,756,000 after purchasing an additional 55,192 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Buckle by 67.9% during the 1st quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after purchasing an additional 44,850 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Stock Down 1.7 %

NYSE:BKE opened at $43.85 on Friday. The business’s 50-day moving average price is $41.44 and its two-hundred day moving average price is $38.95. The Buckle, Inc. has a twelve month low of $30.31 and a twelve month high of $48.15. The stock has a market cap of $2.23 billion, a P/E ratio of 10.34 and a beta of 1.13.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.35 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.19%. Buckle’s payout ratio is currently 33.02%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group dropped their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a report on Monday, August 26th.

Insider Buying and Selling at Buckle

In other Buckle news, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total value of $100,650.00. Following the sale, the director now owns 24,623 shares of the company’s stock, valued at approximately $991,321.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John P. Peetz sold 2,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total transaction of $100,650.00. Following the transaction, the director now directly owns 24,623 shares in the company, valued at approximately $991,321.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis H. Nelson sold 900 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total value of $36,297.00. Following the transaction, the chief executive officer now owns 1,949,477 shares in the company, valued at $78,622,407.41. The disclosure for this sale can be found here. Insiders have sold a total of 120,799 shares of company stock valued at $5,033,569 in the last 90 days. Corporate insiders own 39.80% of the company’s stock.

About Buckle

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.