The Buckle, Inc. (NYSE:BKE) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its position in shares of The Buckle, Inc. (NYSE:BKEFree Report) by 13.7% during the third quarter, HoldingsChannel reports. The firm owned 9,976 shares of the company’s stock after selling 1,582 shares during the period. New York Life Investment Management LLC’s holdings in Buckle were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKE. JPMorgan Chase & Co. increased its stake in shares of Buckle by 31.0% in the first quarter. JPMorgan Chase & Co. now owns 89,952 shares of the company’s stock worth $2,973,000 after buying an additional 21,310 shares during the last quarter. Raymond James & Associates increased its stake in shares of Buckle by 51.9% in the first quarter. Raymond James & Associates now owns 22,245 shares of the company’s stock worth $735,000 after buying an additional 7,600 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Buckle by 2.9% in the first quarter. Bank of New York Mellon Corp now owns 628,276 shares of the company’s stock worth $20,758,000 after buying an additional 17,592 shares during the last quarter. Citigroup Inc. boosted its holdings in Buckle by 1.4% in the first quarter. Citigroup Inc. now owns 29,258 shares of the company’s stock worth $966,000 after purchasing an additional 402 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Buckle by 7.3% in the first quarter. Bank of Montreal Can now owns 10,859 shares of the company’s stock worth $381,000 after purchasing an additional 740 shares during the period. Institutional investors own 53.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group downgraded shares of Buckle from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $37.00 to $34.00 in a report on Friday, January 5th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Check Out Our Latest Research Report on BKE

Insider Activity

In other news, SVP Kelli D. Molczyk purchased 715 shares of Buckle stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $37.13 per share, with a total value of $26,547.95. Following the completion of the acquisition, the senior vice president now owns 85,163 shares in the company, valued at approximately $3,162,102.19. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 40.10% of the company’s stock.

Buckle Stock Performance

Shares of BKE opened at $39.95 on Tuesday. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $48.15. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 8.72 and a beta of 1.23. The firm has a fifty day moving average of $41.63 and a 200-day moving average of $37.46.

Buckle (NYSE:BKEGet Free Report) last announced its quarterly earnings results on Friday, November 17th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.09. Buckle had a net margin of 17.82% and a return on equity of 53.94%. The company had revenue of $303.50 million during the quarter, compared to the consensus estimate of $303.50 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year.

Buckle Cuts Dividend

The company also recently declared a None dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a dividend of $2.85 per share. This represents a dividend yield of 3.4%. The ex-dividend date was Thursday, January 11th. Buckle’s dividend payout ratio (DPR) is 30.57%.

About Buckle

(Free Report)

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, Reclaim, BKE Vintage, Nova Industries, J.B.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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