Steward Partners Investment Advisory LLC Boosts Holdings in The Buckle, Inc. (NYSE:BKE)

Steward Partners Investment Advisory LLC raised its holdings in The Buckle, Inc. (NYSE:BKE) by 4,340.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,440 shares of the company’s stock after buying an additional 4,340 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Buckle were worth $226,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Buckle in the 4th quarter valued at about $31,000. Quarry LP grew its holdings in Buckle by 60.9% in the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Buckle by 268.3% in 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 in the last quarter. Blue Trust Inc. lifted its stake in shares of Buckle by 74.1% in 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 in the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Buckle in the 3rd quarter valued at about $86,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Buckle Price Performance

NYSE BKE opened at $36.07 on Friday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 9.15 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 simple moving average is $44.22 and its 200-day simple moving average is $45.57.

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

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $39.51, for a total transaction of $606,083.40. Following the transaction, the chief executive officer now directly owns 1,663,035 shares of the company’s stock, valued at approximately $65,706,512.85. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 97,382 shares of company stock valued at $4,446,403. Corporate insiders own 39.80% of the company’s stock.

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.