Zurcher Kantonalbank Zurich Cantonalbank Reduces Holdings in The Buckle, Inc. (NYSE:BKE)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,245 shares of the company’s stock after selling 1,122 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Buckle were worth $249,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Planned Solutions Inc. purchased a new position in shares of Buckle during the 4th quarter worth approximately $44,000. Gladius Capital Management LP boosted its position in Buckle by 408.3% during the third quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock worth $33,000 after acquiring an additional 788 shares during the last quarter. Quantbot Technologies LP boosted its position in Buckle by 1,181.9% during the third quarter. Quantbot Technologies LP now owns 4,461 shares of the company’s stock worth $149,000 after acquiring an additional 4,113 shares during the last quarter. JLB & Associates Inc. acquired a new stake in Buckle during the fourth quarter worth approximately $238,000. Finally, Mutual of America Capital Management LLC acquired a new stake in Buckle during the fourth quarter worth approximately $248,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday, April 15th.

Buckle Stock Performance

Shares of NYSE BKE opened at $38.59 on Tuesday. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $48.15. The firm’s 50 day moving average price is $38.45 and its 200 day moving average price is $39.05. The firm has a market cap of $1.96 billion, a P/E ratio of 8.75 and a beta of 1.24.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 15th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.15. The company had revenue of $382.40 million for the quarter, compared to analyst estimates of $383.63 million. Buckle had a net margin of 17.44% and a return on equity of 50.88%. Buckle’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the business earned $1.76 EPS.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.63%. Buckle’s dividend payout ratio (DPR) is presently 31.75%.

About Buckle

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.