Russell Investments Group Ltd. Decreases Position in The Buckle, Inc. (NYSE:BKE)

Russell Investments Group Ltd. trimmed its position in shares of The Buckle, Inc. (NYSE:BKE – Get Rating) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,759 shares of the company’s stock after selling 2,700 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Buckle worth $1,939,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Covestor Ltd boosted its position in Buckle by 2,840.6% during the first quarter. Covestor Ltd now owns 941 shares of the company’s stock worth $31,000 after purchasing an additional 909 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Buckle by 58.3% in the first quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $51,000 after acquiring an additional 573 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Buckle in the second quarter valued at $60,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Buckle by 31.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,653 shares of the company’s stock valued at $211,000 after acquiring an additional 1,122 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Buckle in the fourth quarter valued at $215,000. 50.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on BKE shares. UBS Group started coverage on Buckle in a research report on Monday, April 10th. They issued a “neutral” rating and a $37.00 price objective on the stock. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a research note on Thursday, May 11th.

Buckle Trading Down 4.7 %

Buckle stock opened at $32.29 on Monday. The firm has a market capitalization of $1.63 billion, a P/E ratio of 6.29 and a beta of 1.04. The stock has a fifty day moving average price of $34.23 and a 200 day moving average price of $39.88. The Buckle, Inc. has a 52 week low of $26.50 and a 52 week high of $50.35.

Buckle (NYSE:BKE – Get Rating) last announced its quarterly earnings results on Friday, March 10th. The company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.62 by $0.14. The company had revenue of $401.80 million during the quarter, compared to analyst estimates of $386.36 million. Buckle had a return on equity of 65.52% and a net margin of 18.93%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 earnings per share.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 28th. Shareholders of record on Friday, April 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $1.40 annualized dividend and a yield of 4.34%. Buckle’s dividend payout ratio is presently 27.29%.

Buckle Company Profile

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The Buckle, Inc engages in the business of retailing medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. The firm is also involved in the provision of customer services such as free hemming, free gift-packaging, easy layaways, private label credit card, and guest loyalty program.