Bryce Point Capital LLC Purchases New Stake in The Buckle, Inc. (NYSE:BKE)

Bryce Point Capital LLC acquired a new position in The Buckle, Inc. (NYSE:BKE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 33,198 shares of the company’s stock, valued at approximately $1,687,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Buckle by 187.1% in the third quarter. FMR LLC now owns 3,824 shares of the company’s stock worth $168,000 after purchasing an additional 2,492 shares in the last quarter. Glenmede Trust Co. NA acquired a new position in Buckle in the 3rd quarter valued at approximately $207,000. Holocene Advisors LP acquired a new position in Buckle in the 3rd quarter valued at approximately $1,330,000. HighTower Advisors LLC purchased a new stake in Buckle in the 3rd quarter worth approximately $214,000. Finally, Quarry LP boosted its stake 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 during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Stock Performance

Shares of BKE opened at $38.38 on Wednesday. The firm has a market cap of $1.95 billion, a PE ratio of 9.74 and a beta of 1.17. The firm’s 50 day moving average price is $41.58 and its 200 day moving average price is $45.34. The Buckle, Inc. has a twelve month low of $34.67 and a twelve month high of $54.25.

Buckle (NYSE:BKE) last released its quarterly earnings results 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 business had revenue of $379.20 million for the quarter, compared to the consensus estimate of $378.97 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. Buckle’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS.

Buckle Dividend Announcement

The business 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 dividend of $0.35 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. Buckle’s dividend payout ratio (DPR) is presently 36.08%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on BKE shares. UBS Group dropped their price target on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating on the stock in a research note 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 other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,698,828 shares of the company’s stock, valued at $73,763,111.76. This represents a 1.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders have sold 92,269 shares of company stock valued at $3,952,882. Insiders own 39.80% of the company’s stock.

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.