Adams Asset Advisors LLC reduced its position in Buckle Inc (NYSE:BKE) by 43.5% in the 4th quarter, HoldingsChannel reports. The fund owned 42,141 shares of the company’s stock after selling 32,455 shares during the period. Adams Asset Advisors LLC’s holdings in Buckle were worth $1,000,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Buckle by 0.5% in the second quarter. FMR LLC now owns 7,326,750 shares of the company’s stock valued at $130,416,000 after acquiring an additional 33,335 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Buckle by 5,476.3% in the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock valued at $22,603,000 after acquiring an additional 1,317,382 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Buckle by 3.5% in the third quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock valued at $16,155,000 after acquiring an additional 32,030 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Buckle by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 806,048 shares of the company’s stock valued at $14,348,000 after acquiring an additional 6,088 shares in the last quarter. Finally, Palisade Capital Management LLC NJ raised its holdings in shares of Buckle by 1.9% in the third quarter. Palisade Capital Management LLC NJ now owns 468,962 shares of the company’s stock valued at $7,902,000 after acquiring an additional 8,659 shares in the last quarter. Hedge funds and other institutional investors own 59.65% of the company’s stock.

In other Buckle news, VP Kyle Hanson sold 4,100 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the transaction, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brett P. Milkie sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the transaction, the senior vice president now owns 32,070 shares of the company’s stock, valued at $674,111.40. The disclosure for this sale can be found here. Insiders sold 7,600 shares of company stock valued at $138,925 over the last quarter. 41.70% of the stock is currently owned by corporate insiders.

BKE has been the subject of several recent research reports. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, November 1st. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st.

Shares of Buckle Inc (BKE) traded down $0.80 during trading on Thursday, reaching $21.50. 797,815 shares of the company’s stock were exchanged, compared to its average volume of 893,577. The company has a market capitalization of $1,090.00, a P/E ratio of 12.43 and a beta of 1.09. Buckle Inc has a fifty-two week low of $13.50 and a fifty-two week high of $25.11.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $224.30 million during the quarter, compared to the consensus estimate of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. sell-side analysts forecast that Buckle Inc will post 1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be issued a $0.25 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Buckle’s dividend payout ratio is presently 57.80%.

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Buckle Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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