Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp cut its holdings in Buckle Inc (NYSE:BKE) by 32.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,000 shares of the company’s stock after selling 31,500 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.13% of Buckle worth $1,276,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Texas Permanent School Fund raised its position in shares of Buckle by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 18,605 shares of the company’s stock worth $360,000 after purchasing an additional 716 shares during the period. Contrarius Investment Management Ltd raised its position in shares of Buckle by 0.3% during the fourth quarter. Contrarius Investment Management Ltd now owns 302,622 shares of the company’s stock worth $5,853,000 after purchasing an additional 859 shares during the period. Stone Ridge Asset Management LLC raised its position in shares of Buckle by 4.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 41,613 shares of the company’s stock worth $805,000 after purchasing an additional 1,650 shares during the period. United Services Automobile Association raised its position in shares of Buckle by 8.5% during the fourth quarter. United Services Automobile Association now owns 25,371 shares of the company’s stock worth $491,000 after purchasing an additional 1,980 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Buckle by 148.9% during the fourth quarter. Bank of Montreal Can now owns 3,758 shares of the company’s stock worth $72,000 after purchasing an additional 2,248 shares during the period. 69.39% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research lowered Buckle from a “buy” rating to a “sell” rating in a research report on Thursday, November 29th. ValuEngine raised Buckle from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Finally, TheStreet raised Buckle from a “c” rating to a “b-” rating in a research report on Tuesday, November 27th.

NYSE BKE opened at $17.61 on Monday. The firm has a market capitalization of $863.24 million, a P/E ratio of 8.94 and a beta of 0.47. Buckle Inc has a 12 month low of $16.85 and a 12 month high of $29.65.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, March 15th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $264.40 million during the quarter, compared to analyst estimates of $267.55 million. Buckle had a return on equity of 23.75% and a net margin of 10.80%. Buckle’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. As a group, equities analysts anticipate that Buckle Inc will post 1.69 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was reported by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.dailypolitical.com/2019/03/25/buckle-inc-bke-holdings-cut-by-her-majesty-the-queen-in-right-of-the-province-of-alberta-as-represented-by-alberta-investment-management-corp.html.

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

Read More: Growth Stocks, What They Are, What They Are Not

Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buckle Inc (NYSE:BKE).

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.