Y Intercept Hong Kong Ltd Takes $524,000 Position in The Buckle, Inc. (NYSE:BKE)

Y Intercept Hong Kong Ltd purchased a new position in The Buckle, Inc. (NYSE:BKE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,306 shares of the company’s stock, valued at approximately $524,000.

A number of other hedge funds also recently bought and sold shares of the company. Handelsbanken Fonder AB boosted its stake in Buckle by 25.3% in the 4th quarter. Handelsbanken Fonder AB now owns 10,900 shares of the company’s stock worth $554,000 after purchasing an additional 2,200 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Buckle by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company’s stock worth $8,213,000 after purchasing an additional 6,000 shares in the last quarter. Monument Capital Management boosted its stake in Buckle by 36.8% in the 4th quarter. Monument Capital Management now owns 8,985 shares of the company’s stock worth $457,000 after purchasing an additional 2,419 shares in the last quarter. Everhart Financial Group Inc. boosted its stake in Buckle by 8.1% in the 4th quarter. Everhart Financial Group Inc. now owns 8,149 shares of the company’s stock worth $414,000 after purchasing an additional 609 shares in the last quarter. Finally, WealthPlan Investment Management LLC boosted its stake in Buckle by 6.4% in the 4th quarter. WealthPlan Investment Management LLC now owns 11,447 shares of the company’s stock worth $582,000 after purchasing an additional 686 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and upped their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Insider Activity

In other news, EVP Kari G. Smith sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the sale, the executive vice president now owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This represents a 11.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the sale, the chief executive officer now directly owns 1,781,640 shares of the company’s stock, valued at $94,747,615.20. The trade was a 1.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,995 shares of company stock valued at $6,103,061 in the last quarter. 39.80% of the stock is currently owned by insiders.

Buckle Stock Performance

BKE opened at $40.04 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 10.16 and a beta of 1.14. The company’s 50-day simple moving average is $47.00 and its two-hundred day simple moving average is $45.94. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25.

Buckle Cuts Dividend

The business also recently announced a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were paid a dividend of $2.50 per share. This represents a yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle’s dividend payout ratio is currently 35.53%.

Buckle Company 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.