Skandinaviska Enskilda Banken AB publ Sells 34,300 Shares of Buckle, Inc. (The) $BKE

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 21.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,500 shares of the company’s stock after selling 34,300 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Buckle were worth $7,303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Buckle by 185.6% in the second quarter. CWM LLC now owns 9,885 shares of the company’s stock worth $448,000 after acquiring an additional 6,424 shares during the period. Geode Capital Management LLC boosted its holdings in Buckle by 5.6% in the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company’s stock worth $40,861,000 after purchasing an additional 47,751 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Buckle by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 532,522 shares of the company’s stock worth $24,150,000 after purchasing an additional 9,118 shares during the last quarter. Intech Investment Management LLC grew its position in Buckle by 100.4% in the 2nd quarter. Intech Investment Management LLC now owns 101,543 shares of the company’s stock worth $4,605,000 after purchasing an additional 50,866 shares during the period. Finally, Stevens Capital Partners purchased a new stake in Buckle during the 3rd quarter valued at $3,604,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Performance

Shares of Buckle stock opened at $53.60 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of 13.14 and a beta of 1.19. The stock’s fifty day moving average is $53.27 and its 200 day moving average is $55.38. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.69.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. The business had revenue of $320.84 million during the quarter, compared to analyst estimates of $317.97 million. Buckle had a return on equity of 44.42% and a net margin of 16.13%.Buckle’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 earnings per share.

Buckle Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, January 29th. Investors of record on Thursday, January 15th were paid a dividend of $3.00 per share. The ex-dividend date was Thursday, January 15th. Buckle’s payout ratio is 34.31%.

Analyst Upgrades and Downgrades

BKE has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, UBS Group restated a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.