Bank of America Corp DE lessened its stake in shares of Buckle Inc (NYSE:BKE) by 40.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,527 shares of the company’s stock after selling 19,179 shares during the period. Bank of America Corp DE owned 0.06% of Buckle worth $767,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Sei Investments Co. grew its holdings in Buckle by 46.7% during the second quarter. Sei Investments Co. now owns 8,130 shares of the company’s stock valued at $218,000 after purchasing an additional 2,587 shares during the last quarter. Legal & General Group Plc grew its holdings in Buckle by 5.7% during the second quarter. Legal & General Group Plc now owns 63,230 shares of the company’s stock valued at $1,709,000 after purchasing an additional 3,399 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Buckle by 0.6% during the second quarter. Bank of New York Mellon Corp now owns 778,477 shares of the company’s stock valued at $20,941,000 after purchasing an additional 5,006 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Buckle in the second quarter worth $143,000. Finally, Raymond James & Associates grew its stake in shares of Buckle by 22.7% in the second quarter. Raymond James & Associates now owns 28,987 shares of the company’s stock worth $780,000 after acquiring an additional 5,365 shares during the last quarter. Institutional investors own 71.71% of the company’s stock.

Several brokerages have recently issued reports on BKE. ValuEngine downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective on the stock in a research note on Monday, August 13th. Finally, Deutsche Bank upgraded shares of Buckle from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research note on Friday, November 2nd.

In other news, VP Diane L. Applegate sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $22.50, for a total value of $90,000.00. Following the sale, the vice president now owns 27,500 shares in the company, valued at $618,750. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Huss sold 1,688 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $22.63, for a total value of $38,199.44. Following the completion of the transaction, the director now directly owns 17,062 shares of the company’s stock, valued at $386,113.06. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,308 shares of company stock worth $141,102. 41.80% of the stock is currently owned by corporate insiders.

Shares of Buckle stock opened at $20.41 on Tuesday. The firm has a market capitalization of $1.02 billion, a PE ratio of 11.03 and a beta of 0.79. Buckle Inc has a 1 year low of $17.80 and a 1 year high of $29.65.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 24th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.82 million. Buckle had a net margin of 10.53% and a return on equity of 23.39%. Buckle’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Research analysts expect that Buckle Inc will post 1.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.90%. Buckle’s payout ratio is 54.05%.

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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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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