Cresset Asset Management LLC Has $1.70 Million Stake in Buckle, Inc. (The) $BKE

Cresset Asset Management LLC trimmed its stake in Buckle, Inc. (The) (NYSE:BKE) by 7.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,308 shares of the company’s stock after selling 3,701 shares during the period. Cresset Asset Management LLC owned about 0.09% of Buckle worth $1,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BKE. Caption Management LLC acquired a new stake in Buckle in the fourth quarter valued at $36,000. Bellwether Advisors LLC acquired a new stake in Buckle in the fourth quarter valued at $43,000. State of Wyoming bought a new stake in Buckle during the fourth quarter valued at $111,000. Viking Fund Management LLC bought a new stake in Buckle during the first quarter valued at $115,000. Finally, Novem Group bought a new stake in Buckle during the fourth quarter valued at $227,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James E. Shada sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the transaction, the director owned 85,352 shares of the company’s stock, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the completion of the transaction, the chief executive officer directly owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. 39.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group upped their price target on shares of Buckle from $40.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Buckle Price Performance

BKE stock opened at $55.0480 on Thursday. The stock has a market capitalization of $2.82 billion, a PE ratio of 14.15 and a beta of 1.05. The company’s 50-day moving average is $48.84 and its 200-day moving average is $42.48. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $57.53.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $272.12 million for the quarter, compared to analysts’ expectations of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle’s dividend payout ratio is 35.99%.

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.