Nisa Investment Advisors LLC Buys 7,570 Shares of The Buckle, Inc. (NYSE:BKE)

Nisa Investment Advisors LLC grew its position in shares of The Buckle, Inc. (NYSE:BKE) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,169 shares of the company’s stock after purchasing an additional 7,570 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Buckle were worth $1,279,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKE. Blue Trust Inc. lifted its stake in Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after buying an additional 270 shares during the period. Unison Advisors LLC increased its position in Buckle by 0.9% in the 3rd quarter. Unison Advisors LLC now owns 37,859 shares of the company’s stock valued at $1,665,000 after buying an additional 334 shares in the last quarter. Quarry LP raised its position in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the period. Exchange Traded Concepts LLC raised its holdings in Buckle by 0.7% during the third quarter. Exchange Traded Concepts LLC now owns 59,961 shares of the company’s stock worth $2,636,000 after buying an additional 396 shares during the last quarter. Finally, DGS Capital Management LLC lifted its stake in shares of Buckle by 6.8% in the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock valued at $314,000 after buying an additional 451 shares in the last quarter. 53.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total value of $1,045,800.00. Following the completion of the transaction, the executive vice president now directly owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This trade represents a 11.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.90, for a total value of $877,433.70. Following the transaction, the chief executive officer now owns 1,822,546 shares of the company’s stock, valued at approximately $78,187,223.40. The trade was a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,042 shares of company stock valued at $5,747,200. Company insiders own 39.80% of the company’s stock.

Buckle Price Performance

Shares of Buckle stock opened at $47.07 on Tuesday. The firm has a market cap of $2.39 billion, a PE ratio of 11.95 and a beta of 1.15. The Buckle, Inc. has a 1 year low of $34.87 and a 1 year high of $54.25. The stock has a fifty day moving average price of $50.65 and a 200-day moving average price of $45.39.

Buckle (NYSE:BKE) last released its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis.

Buckle Cuts Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BKE shares. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and upped their target price for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd.

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.