Bank of New York Mellon Corp reduced its stake in shares of Buckle (NYSE:BKE) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 763,203 shares of the company’s stock after selling 25,508 shares during the quarter. Bank of New York Mellon Corp’s holdings in Buckle were worth $18,126,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Buckle by 39.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock valued at $7,813,000 after purchasing an additional 131,594 shares during the period. Trilogy Capital Inc. acquired a new position in Buckle in the fourth quarter valued at $262,000. Ameriprise Financial Inc. increased its stake in Buckle by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock valued at $4,021,000 after purchasing an additional 7,849 shares during the period. Rhumbline Advisers increased its stake in Buckle by 12.5% in the third quarter. Rhumbline Advisers now owns 106,615 shares of the company’s stock valued at $1,796,000 after purchasing an additional 11,830 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Buckle by 3.5% in the third quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock valued at $16,155,000 after purchasing an additional 32,030 shares during the period. Institutional investors own 64.93% of the company’s stock.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday. TheStreet upgraded shares of Buckle from a “c” rating to a “b-” rating in a research note on Friday, March 16th. Finally, ValuEngine lowered shares of Buckle from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Buckle has an average rating of “Hold” and a consensus price target of $18.00.
Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 16th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The company had revenue of $281.20 million for the quarter, compared to analyst estimates of $280.04 million. Buckle had a net margin of 9.82% and a return on equity of 20.98%. Buckle’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. research analysts forecast that Buckle will post 1.73 EPS for the current fiscal year.
In other news, VP Diane L. Applegate sold 1,200 shares of Buckle stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the sale, the vice president now owns 20,500 shares of the company’s stock, valued at $427,220. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kyle Hanson sold 2,553 shares of Buckle stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $20.75, for a total transaction of $52,974.75. Following the completion of the sale, the vice president now directly owns 36,900 shares in the company, valued at approximately $765,675. The disclosure for this sale can be found here. 41.70% of the stock is owned by insiders.
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The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It operates stores under the Buckle and The Buckle names.
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