Rhumbline Advisers Sells 2,141 Shares of The Buckle, Inc. (NYSE:BKE)

Rhumbline Advisers cut its holdings in The Buckle, Inc. (NYSE:BKE) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,354 shares of the company’s stock after selling 2,141 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Buckle worth $6,217,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Buckle by 5.7% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Buckle by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock valued at $53,509,000 after acquiring an additional 48,436 shares during the period. Geode Capital Management LLC raised its position in shares of Buckle by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock worth $35,142,000 after acquiring an additional 36,472 shares in the last quarter. Impala Asset Management LLC lifted its stake in shares of Buckle by 43.3% during the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after purchasing an additional 110,273 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on 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 in the company, valued at approximately $94,747,615.20. The trade was a 1.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the sale, the director now directly owns 22,123 shares in the company, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 104,542 shares of company stock valued at $5,267,351 over the last ninety days. 39.80% of the stock is currently owned by insiders.

Buckle Price Performance

Shares of BKE stock opened at $40.06 on Thursday. The stock’s fifty day moving average price is $47.45 and its 200 day moving average price is $45.97. The Buckle, Inc. has a 1-year low of $34.87 and a 1-year high of $54.25. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 10.17 and a beta of 1.14.

Buckle Cuts Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s payout ratio is currently 35.53%.

Wall Street Analysts Forecast Growth

BKE has been the topic of a number of recent analyst reports. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Tuesday. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and raised their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

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.