The Buckle, Inc. (NYSE:BKE) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its position in shares of The Buckle, Inc. (NYSE:BKE) by 32.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 157,458 shares of the company’s stock after selling 77,184 shares during the period. Royce & Associates LP’s holdings in Buckle were worth $8,000,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Impala Asset Management LLC grew its stake in Buckle by 43.3% during the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after buying an additional 110,273 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Buckle by 4.8% during the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock worth $35,142,000 after acquiring an additional 36,472 shares during the last quarter. Maverick Capital Ltd. acquired a new position in shares of Buckle in the 3rd quarter valued at $1,629,000. JPMorgan Chase & Co. increased its holdings in shares of Buckle by 3.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company’s stock valued at $6,852,000 after acquiring an additional 5,185 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after purchasing an additional 69,258 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $39.51, for a total value of $606,083.40. Following the sale, the chief executive officer now directly owns 1,663,035 shares in the company, valued at $65,706,512.85. The trade was a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 76,929 shares of company stock valued at $3,395,733. Corporate insiders own 39.80% of the company’s stock.

Buckle Price Performance

NYSE:BKE opened at $37.69 on Wednesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 9.57 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 firm’s fifty day moving average price is $43.68 and its 200 day moving average price is $45.55.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 16.21% and a return on equity of 44.11%. The business’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 earnings per share.

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.