Cresset Asset Management LLC Boosts Holdings in The Buckle, Inc. (NYSE:BKE)

Cresset Asset Management LLC increased its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,009 shares of the company’s stock after buying an additional 1,565 shares during the period. Cresset Asset Management LLC’s holdings in Buckle were worth $2,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Buckle by 3.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 155,833 shares of the company’s stock worth $6,852,000 after buying an additional 5,185 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after acquiring an additional 69,258 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Buckle during the fourth quarter worth approximately $31,000. Nisa Investment Advisors LLC boosted its holdings in Buckle by 43.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 25,169 shares of the company’s stock valued at $1,279,000 after purchasing an additional 7,570 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Buckle in the fourth quarter valued at approximately $380,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Trading Down 0.1 %

Shares of NYSE BKE opened at $36.95 on Friday. The stock has a market cap of $1.89 billion, a P/E ratio of 9.38 and a beta of 0.94. The Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The stock has a 50 day moving average of $36.39 and a two-hundred day moving average of $43.66.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same quarter in the prior year, the firm earned $1.59 EPS. Buckle’s revenue for the quarter was down .8% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date was Tuesday, April 15th. Buckle’s dividend payout ratio (DPR) is presently 36.08%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BKE shares. UBS Group reduced their price objective on shares of Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $40.86, for a total value of $835,709.58. Following the transaction, the chief executive officer now owns 1,678,375 shares of the company’s stock, valued at approximately $68,578,402.50. The trade was a 1.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 76,011 shares of company stock valued at $3,047,788 in the last ninety days. Insiders own 39.00% of the company’s stock.

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.