Advisors Asset Management Inc. Decreases Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Advisors Asset Management Inc. decreased its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 2.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 294,156 shares of the company’s stock after selling 8,242 shares during the period. Advisors Asset Management Inc.’s holdings in Buckle were worth $14,946,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKE. SBI Securities Co. Ltd. purchased a new position in shares of Buckle during the 4th quarter valued at approximately $31,000. Quarry LP lifted its position in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after buying an additional 355 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after buying an additional 601 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after buying an additional 585 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Buckle during the 3rd quarter valued at approximately $86,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the transaction, the chief executive officer now owns 1,698,828 shares in the company, valued at $73,763,111.76. The trade was a 1.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 76,929 shares of company stock worth $3,395,733. Corporate insiders own 39.80% of the company’s stock.

Buckle Stock Performance

Shares of BKE stock opened at $37.18 on Tuesday. The stock’s fifty day moving average is $43.94 and its two-hundred day moving average is $45.58. The firm has a market capitalization of $1.89 billion, a P/E ratio of 9.44 and a beta of 1.17. The Buckle, Inc. has a fifty-two week low of $34.67 and a fifty-two week high of $54.25.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. The company had revenue of $379.20 million for the quarter, compared to analyst estimates of $378.97 million. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS.

Analysts Set New Price Targets

Separately, StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Buckle Company 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.