Skandinaviska Enskilda Banken AB publ Sells 23,500 Shares of Buckle, Inc. (The) (NYSE:BKE)

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 10.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 196,200 shares of the company’s stock after selling 23,500 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.38% of Buckle worth $7,518,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of BKE. First Trust Advisors LP raised its stake in Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after buying an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Buckle by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after acquiring an additional 10,178 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Buckle by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 815,688 shares of the company’s stock valued at $41,454,000 after acquiring an additional 16,610 shares during the period. Victory Capital Management Inc. lifted its holdings in Buckle by 10.0% in the first quarter. Victory Capital Management Inc. now owns 645,958 shares of the company’s stock valued at $24,753,000 after acquiring an additional 58,785 shares during the period. Finally, Northern Trust Corp boosted its position in Buckle by 6.3% in the fourth quarter. Northern Trust Corp now owns 385,627 shares of the company’s stock worth $19,594,000 after purchasing an additional 23,002 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Buckle news, Director James E. Shada sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total transaction of $498,400.00. Following the completion of the transaction, the director owned 85,352 shares in the company, valued at $4,253,943.68. The trade was a 10.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total value of $890,114.56. Following the completion of the sale, the chief executive officer owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,046 shares of company stock valued at $4,377,425 in the last 90 days. Company insiders own 39.80% of the company’s stock.

Buckle Price Performance

Buckle stock opened at $49.10 on Monday. The firm’s 50 day moving average price is $45.09 and its 200-day moving average price is $41.87. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25. The stock has a market cap of $2.51 billion, a P/E ratio of 12.62 and a beta of 1.03.

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

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, July 15th. Buckle’s dividend payout ratio is currently 35.99%.

Analysts Set New Price Targets

A number of brokerages have commented on BKE. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th.

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.