Buckle, Inc. (The) $BKE Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 19.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,800 shares of the company’s stock after selling 37,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 0.31% of Buckle worth $7,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Buckle by 1,652.3% in the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after buying an additional 727 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Buckle by 64.9% in the second quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock worth $45,000 after buying an additional 393 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Buckle by 12.5% during the second quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock worth $110,000 after buying an additional 270 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Buckle by 62.4% during the second quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock valued at $116,000 after buying an additional 984 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Buckle

In other Buckle news, Director James E. Shada sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $59.49, for a total value of $1,189,800.00. Following the sale, the director owned 55,352 shares in the company, valued at approximately $3,292,890.48. This represents a 26.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Brett P. Milkie sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $60.17, for a total transaction of $361,020.00. Following the sale, the senior vice president directly owned 89,570 shares in the company, valued at $5,389,426.90. The trade was a 6.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 46,000 shares of company stock valued at $2,738,020. 39.00% of the stock is owned by company insiders.

Buckle Price Performance

NYSE BKE opened at $56.48 on Monday. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The company has a market capitalization of $2.89 billion, a PE ratio of 14.12 and a beta of 1.12. The company has a fifty day moving average of $56.20 and a 200 day moving average of $52.02.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $320.84 million for the quarter, compared to the consensus estimate of $317.97 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, October 15th. Buckle’s dividend payout ratio (DPR) is currently 34.31%.

Wall Street Analysts Forecast Growth

BKE has been the topic of several research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, October 8th. Wall Street Zen upgraded Buckle from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, UBS Group reissued a “neutral” rating on shares of Buckle in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $55.00.

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.