Bryce Point Capital LLC Makes New $1.69 Million Investment in The Buckle, Inc. (NYSE:BKE)

Bryce Point Capital LLC purchased a new position in The Buckle, Inc. (NYSE:BKE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,198 shares of the company’s stock, valued at approximately $1,687,000. Bryce Point Capital LLC owned approximately 0.07% of Buckle as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in Buckle by 15.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock valued at $89,000 after buying an additional 240 shares in the last quarter. Quarry LP boosted its holdings in shares of Buckle by 60.9% in the third quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after acquiring an additional 355 shares in the last quarter. DGS Capital Management LLC boosted its holdings in shares of Buckle by 6.8% in the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock valued at $314,000 after acquiring an additional 451 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after acquiring an additional 585 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after purchasing an additional 601 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the completion of the sale, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 92,269 shares of company stock valued at $3,952,882. 39.80% of the stock is owned by corporate insiders.

Buckle Price Performance

NYSE BKE opened at $38.38 on Wednesday. The Buckle, Inc. has a 12 month low of $34.67 and a 12 month high of $54.25. The company has a market capitalization of $1.95 billion, a P/E ratio of 9.74 and a beta of 1.17. The company’s 50 day simple moving average is $41.58 and its 200 day simple moving average is $45.34.

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

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.65%. Buckle’s dividend payout ratio (DPR) is 36.08%.

Analyst Ratings Changes

BKE has been the topic of several research analyst reports. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group decreased their target price on Buckle from $43.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th.

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.