Exchange Traded Concepts LLC Has $2.64 Million Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Exchange Traded Concepts LLC grew its stake in shares of The Buckle, Inc. (NYSE:BKE) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,961 shares of the company’s stock after purchasing an additional 396 shares during the quarter. Exchange Traded Concepts LLC owned about 0.12% of Buckle worth $2,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKE. EntryPoint Capital LLC acquired a new position in Buckle during the first quarter worth $70,000. CWM LLC raised its holdings in shares of Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after purchasing an additional 1,096 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Buckle in the 4th quarter valued at about $103,000. Gladius Capital Management LP grew its holdings in Buckle by 217.4% during the second quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after purchasing an additional 2,024 shares during the period. Finally, nVerses Capital LLC increased its position in Buckle by 2,350.0% during the second quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after buying an additional 4,700 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Buckle Stock Performance

Shares of Buckle stock opened at $43.06 on Tuesday. The Buckle, Inc. has a 52-week low of $32.16 and a 52-week high of $48.15. The stock has a market cap of $2.19 billion, a PE ratio of 10.15 and a beta of 1.13. The firm has a 50-day moving average of $42.32 and a 200-day moving average of $39.43.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 23rd. The company reported $0.78 earnings per share (EPS) for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The firm had revenue of $282.39 million for the quarter.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.25%. Buckle’s payout ratio is 33.02%.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $41.73, for a total value of $853,503.69. Following the completion of the transaction, the chief executive officer now owns 1,863,452 shares of the company’s stock, valued at $77,761,851.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $41.73, for a total value of $853,503.69. Following the transaction, the chief executive officer now directly owns 1,863,452 shares of the company’s stock, valued at $77,761,851.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the sale, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,752 shares of company stock valued at $5,786,422. 39.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BKE. UBS Group reduced their target price on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Buckle Profile

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.