The Buckle, Inc. (NYSE:BKE) Stock Position Lowered by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its position in shares of The Buckle, Inc. (NYSE:BKE) by 80.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,407 shares of the company’s stock after selling 86,697 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Buckle were worth $1,088,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bryce Point Capital LLC bought a new position in shares of Buckle during the 4th quarter valued at about $1,687,000. Geode Capital Management LLC boosted its holdings in Buckle by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 815,688 shares of the company’s stock worth $41,454,000 after buying an additional 16,610 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in Buckle by 18.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 23,235 shares of the company’s stock worth $1,181,000 after buying an additional 3,609 shares during the last quarter. Norges Bank bought a new position in shares of Buckle in the fourth quarter valued at $4,909,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Buckle by 20.6% during the 4th quarter. JPMorgan Chase & Co. now owns 187,911 shares of the company’s stock valued at $9,548,000 after acquiring an additional 32,078 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total value of $888,069.26. Following the completion of the sale, the chief executive officer now owns 1,698,828 shares in the company, valued at $73,763,111.76. This represents a 1.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 92,269 shares of company stock worth $3,952,882. 39.80% of the stock is owned by company insiders.

Buckle Stock Performance

Buckle stock opened at $35.89 on Friday. The Buckle, Inc. has a 52 week low of $33.75 and a 52 week high of $54.25. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 9.11 and a beta of 0.91. The company has a 50 day moving average price of $40.89 and a 200 day moving average price of $45.17.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.44 by $0.09. The business had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. Buckle’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.59 earnings per share.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Tuesday, April 15th. Buckle’s dividend payout ratio (DPR) is 36.08%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group cut their price objective on Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th.

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.