Bank of New York Mellon Corp Decreases Stake in Buckle Inc (BKE)

Bank of New York Mellon Corp lowered its position in shares of Buckle Inc (NYSE:BKE) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 788,711 shares of the company’s stock after selling 17,337 shares during the quarter. Bank of New York Mellon Corp owned about 1.61% of Buckle worth $13,290,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Teachers Advisors LLC lifted its position in Buckle by 7.6% during the 1st quarter. Teachers Advisors LLC now owns 50,419 shares of the company’s stock worth $938,000 after acquiring an additional 3,572 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Buckle during the 1st quarter worth approximately $611,000. Aperio Group LLC lifted its position in Buckle by 150.8% during the 2nd quarter. Aperio Group LLC now owns 26,012 shares of the company’s stock worth $463,000 after acquiring an additional 15,639 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Buckle by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after acquiring an additional 290 shares in the last quarter. Finally, Texas Permanent School Fund lifted its position in Buckle by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 20,686 shares of the company’s stock worth $368,000 after acquiring an additional 268 shares in the last quarter. Institutional investors and hedge funds own 59.65% of the company’s stock.

Buckle Inc (NYSE BKE) opened at $23.90 on Friday. Buckle Inc has a 52-week low of $13.50 and a 52-week high of $24.45. The stock has a market capitalization of $1,164.86, a P/E ratio of 13.79 and a beta of 1.10.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The company had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. During the same period in the prior year, the company posted $0.49 EPS. Buckle’s quarterly revenue was down 6.2% on a year-over-year basis. research analysts predict that Buckle Inc will post 1.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, January 11th. Buckle’s payout ratio is 57.80%.

Several equities analysts recently commented on the company. ValuEngine raised Buckle from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, November 1st.

In related news, Director Robert Erle Campbell sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the sale, the director now directly owns 31,964 shares of the company’s stock, valued at approximately $671,244. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kyle Hanson sold 4,100 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the sale, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,600 shares of company stock worth $138,925. 41.70% of the stock is currently owned by corporate insiders.

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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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