Fmr LLC Has $168,000 Holdings in The Buckle, Inc. (NYSE:BKE)

Fmr LLC grew its position in shares of The Buckle, Inc. (NYSE:BKE) by 187.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,824 shares of the company’s stock after buying an additional 2,492 shares during the quarter. Fmr LLC’s holdings in Buckle were worth $168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System lifted its stake in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after acquiring an additional 400 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Buckle by 5.3% during the 2nd quarter. Klein Pavlis & Peasley Financial Inc. now owns 39,700 shares of the company’s stock valued at $1,467,000 after purchasing an additional 2,000 shares in the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in shares of Buckle by 228.7% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 30,900 shares of the company’s stock valued at $1,141,000 after purchasing an additional 21,500 shares during the last quarter. nVerses Capital LLC boosted its holdings in Buckle by 2,350.0% in the second quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. increased its position in Buckle by 60.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $3,103,000 after buying an additional 31,500 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.73, for a total transaction of $853,503.69. Following the transaction, the chief executive officer now directly owns 1,863,452 shares in the company, valued at $77,761,851.96. The trade was a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the transaction, the director now directly owns 22,123 shares of the company’s stock, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,265 shares of company stock worth $6,414,313 over the last three months. 39.80% of the stock is currently owned by insiders.

Buckle Trading Up 1.0 %

NYSE BKE opened at $50.88 on Friday. The company has a market cap of $2.58 billion, a P/E ratio of 12.91 and a beta of 1.14. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The company has a fifty day simple moving average of $47.80 and a 200 day simple moving average of $42.86.

Buckle (NYSE:BKE) last issued its quarterly 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 during the quarter, compared to analyst estimates of $293.60 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Buckle Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be issued a dividend of $2.50 per share. The ex-dividend date is Wednesday, January 15th. This represents a dividend yield of 2.6%. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

Analyst Ratings Changes

A number of brokerages have weighed in on BKE. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

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.