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

Landscape Capital Management L.L.C. reduced its position in The Buckle, Inc. (NYSE:BKE) by 80.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKE. SBI Securities Co. Ltd. bought a new stake in shares of Buckle in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC increased its stake in Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after purchasing an additional 601 shares during the last quarter. Quarry LP raised its holdings in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after purchasing an additional 355 shares during the period. Blue Trust Inc. lifted its position in shares of Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock worth $70,000 after buying an additional 585 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock valued at $89,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the completion of the transaction, the chief executive officer now owns 1,739,734 shares in the company, valued at $89,718,082.38. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 92,269 shares of company stock valued at $3,952,882. Company insiders own 39.80% of the company’s stock.

Buckle Stock Up 3.1 %

BKE stock opened at $35.89 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 9.11 and a beta of 0.91. The firm’s 50-day simple moving average is $40.89 and its 200 day simple moving average is $45.17. The Buckle, Inc. has a fifty-two week low of $33.75 and a fifty-two week high of $54.25.

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

Buckle Announces Dividend

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

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.