Tidal Investments LLC Invests $1.51 Million in The Buckle, Inc. (NYSE:BKE)

Tidal Investments LLC purchased a new position in The Buckle, Inc. (NYSE:BKE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,762 shares of the company’s stock, valued at approximately $1,512,000.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Buckle in the 4th quarter worth $31,000. Caption Management LLC bought a new position in shares of Buckle in the 4th quarter worth $36,000. Smartleaf Asset Management LLC increased its holdings in shares of Buckle by 268.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after buying an additional 601 shares during the last quarter. Bellwether Advisors LLC bought a new position in shares of Buckle in the 4th quarter worth $43,000. Finally, Blue Trust Inc. increased its holdings in shares of Buckle by 74.1% in the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock worth $70,000 after buying an additional 585 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BKE. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Wednesday, May 14th.

Buckle Stock Performance

Shares of Buckle stock opened at $41.21 on Friday. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 10.46 and a beta of 0.94. The company has a fifty day moving average of $37.08 and a 200-day moving average of $43.50.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $264.28 million. During the same quarter in the prior year, the company earned $0.70 EPS. The firm’s revenue was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th were paid a $0.35 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.40%. Buckle’s dividend payout ratio (DPR) is 36.08%.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total transaction of $606,083.40. Following the completion of the sale, the chief executive officer now owns 1,663,035 shares of the company’s stock, valued at $65,706,512.85. This represents a 0.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 130,151 shares of company stock valued at $5,148,629 in the last quarter. Company 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.