Cwm LLC Grows Stock Position in The Buckle, Inc. (NYSE:BKE)

Cwm LLC raised its position in The Buckle, Inc. (NYSE:BKE) by 85.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,725 shares of the company’s stock after buying an additional 1,715 shares during the quarter. Cwm LLC’s holdings in Buckle were worth $164,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC bought a new stake in Buckle in the 1st quarter valued at about $70,000. Gladius Capital Management LP raised its position in shares of Buckle by 217.4% in the second quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock valued at $109,000 after purchasing an additional 2,024 shares during the period. nVerses Capital LLC lifted its stake in shares of Buckle by 2,350.0% during the 2nd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock valued at $181,000 after buying an additional 4,700 shares in the last quarter. JLB & Associates Inc. bought a new position in Buckle in the 3rd quarter worth approximately $220,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Buckle in the 2nd quarter worth approximately $225,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group dropped their target price on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research report on Monday, August 26th. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

Buckle Trading Down 0.7 %

BKE stock opened at $42.61 on Thursday. The firm has a 50 day moving average of $42.70 and a 200-day moving average of $39.63. The firm has a market capitalization of $2.16 billion, a P/E ratio of 10.05 and a beta of 1.13. The Buckle, Inc. has a 12 month low of $32.16 and a 12 month high of $48.15.

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

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s payout ratio is 33.02%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $37.80, for a total value of $579,852.00. Following the sale, the chief executive officer now owns 1,950,377 shares of the company’s stock, valued at $73,724,250.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Brett P. Milkie sold 16,000 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $37.80, for a total transaction of $579,852.00. Following the sale, the chief executive officer now owns 1,950,377 shares in the company, valued at approximately $73,724,250.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 159,205 shares of company stock worth $6,665,901 in the last ninety days. 39.80% of the stock is currently owned by insiders.

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.