9,774 Shares in The Buckle, Inc. (NYSE:BKE) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in The Buckle, Inc. (NYSE:BKE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,774 shares of the company’s stock, valued at approximately $430,000.

Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Buckle in the third quarter worth about $691,000. ProShare Advisors LLC lifted its stake in Buckle by 15.7% in the second quarter. ProShare Advisors LLC now owns 125,368 shares of the company’s stock worth $4,631,000 after acquiring an additional 17,010 shares during the period. American Century Companies Inc. lifted its stake in Buckle by 14.0% in the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after acquiring an additional 87,690 shares during the period. Maverick Capital Ltd. purchased a new stake in Buckle in the third quarter worth about $1,629,000. Finally, WealthPlan Investment Management LLC purchased a new stake in Buckle in the third quarter worth about $473,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.73, for a total value of $853,503.69. Following the completion of the transaction, the chief executive officer now directly owns 1,863,452 shares of the company’s stock, valued at $77,761,851.96. This trade represents a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Karen B. Rhoads sold 9,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now directly owns 214,089 shares of the company’s stock, valued at $11,053,415.07. The trade was a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,265 shares of company stock valued at $6,270,732 in the last three months. 39.80% of the stock is owned by insiders.

Buckle Stock Performance

BKE stock opened at $52.18 on Friday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 13.24 and a beta of 1.14. The firm has a 50-day simple moving average of $46.89 and a two-hundred day simple moving average of $42.43. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The company had revenue of $293.60 million during the quarter, compared to analysts’ expectations of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share.

Buckle Cuts Dividend

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

Analysts Set New Price Targets

Several analysts have commented on BKE shares. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and increased their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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.