Barclays PLC Sells 3,584 Shares of The Buckle, Inc. (NYSE:BKE)

Barclays PLC decreased its position in The Buckle, Inc. (NYSE:BKE) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,538 shares of the company’s stock after selling 3,584 shares during the period. Barclays PLC owned approximately 0.11% of Buckle worth $2,531,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Buckle in the 3rd quarter worth $430,000. iSAM Funds UK Ltd bought a new stake in Buckle in the 3rd quarter worth about $522,000. State Street Corp raised its position in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company’s stock worth $58,849,000 after buying an additional 72,532 shares during the last quarter. Quarry LP lifted its stake 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 acquiring an additional 355 shares during the period. Finally, HighTower Advisors LLC purchased a new stake in shares of Buckle during the 3rd quarter valued at about $214,000. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Thursday.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the transaction, the chief executive officer now directly owns 1,781,640 shares of the company’s stock, valued at $94,747,615.20. The trade was a 1.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen B. Rhoads sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total value of $490,485.00. Following the transaction, the director now owns 214,089 shares of the company’s stock, valued at approximately $11,053,415.07. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,265 shares of company stock worth $6,414,313. Corporate insiders own 39.80% of the company’s stock.

Buckle Stock Up 0.5 %

Buckle stock opened at $51.26 on Thursday. The business has a 50-day simple moving average of $48.25 and a two-hundred day simple moving average of $43.19. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The company has a market cap of $2.60 billion, a P/E ratio of 13.01 and a beta of 1.14.

Buckle (NYSE:BKE) last announced its 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 the consensus estimate of $293.60 million. During the same quarter last year, the firm posted $1.04 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year.

Buckle Cuts Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio is currently 35.53%.

Buckle Company 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.