The Buckle, Inc. (NYSE:BKE) Shares Sold by Camelot Portfolios LLC

Camelot Portfolios LLC cut its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 15.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,591 shares of the company’s stock after selling 821 shares during the period. Camelot Portfolios LLC’s holdings in Buckle were worth $233,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB boosted its position in Buckle by 25.3% during the fourth quarter. Handelsbanken Fonder AB now owns 10,900 shares of the company’s stock worth $554,000 after purchasing an additional 2,200 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Buckle by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company’s stock worth $8,213,000 after buying an additional 6,000 shares during the period. Monument Capital Management lifted its position in shares of Buckle by 36.8% during the 4th quarter. Monument Capital Management now owns 8,985 shares of the company’s stock valued at $457,000 after buying an additional 2,419 shares in the last quarter. Everhart Financial Group Inc. grew its stake in Buckle by 8.1% in the 4th quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company’s stock valued at $414,000 after acquiring an additional 609 shares during the period. Finally, WealthPlan Investment Management LLC increased its holdings in Buckle by 6.4% in the 4th quarter. WealthPlan Investment Management LLC now owns 11,447 shares of the company’s stock worth $582,000 after acquiring an additional 686 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Stock Performance

Shares of BKE opened at $41.17 on Friday. The stock has a 50 day moving average price of $48.09 and a 200 day moving average price of $45.92. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 10.45 and a beta of 1.14.

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

Buckle Cuts Dividend

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

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $53.18, for a total value of $1,087,690.54. Following the completion of the sale, the chief executive officer now directly owns 1,781,640 shares in the company, valued at $94,747,615.20. This represents a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kari G. Smith sold 20,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 150,554 shares of the company’s stock, valued at approximately $7,872,468.66. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 114,042 shares of company stock worth $5,757,836. Insiders own 39.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on BKE. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and raised their price target for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Profile

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.