ProShare Advisors LLC Has $4 Million Position in The Buckle, Inc. (NYSE:BKE)

ProShare Advisors LLC reduced its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,761 shares of the company’s stock after selling 6,372 shares during the period. ProShare Advisors LLC owned about 0.16% of Buckle worth $4,002,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. bought a new position in shares of Buckle during the 4th quarter worth approximately $31,000. Caption Management LLC bought a new position in shares of Buckle during the 4th quarter worth approximately $36,000. Smartleaf Asset Management LLC lifted its position in shares of Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after buying an additional 601 shares during the period. Bellwether Advisors LLC bought a new position in shares of Buckle during the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. lifted its position in shares of Buckle by 74.1% during the 4th quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock worth $70,000 after buying an additional 585 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group reiterated a “neutral” rating on shares of Buckle in a research report on Wednesday, May 14th. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the transaction, the chief executive officer now owns 1,663,035 shares in the company, valued at $65,706,512.85. The trade was a 0.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 130,151 shares of company stock worth $5,148,629 in the last quarter. Insiders own 39.00% of the company’s stock.

Buckle Price Performance

NYSE BKE opened at $41.34 on Tuesday. The stock’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $43.57. The firm has a market cap of $2.11 billion, a PE ratio of 10.49 and a beta of 0.94. The Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25.

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

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 29th. Investors of record on Tuesday, April 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.39%. The ex-dividend date was Tuesday, April 15th. Buckle’s dividend payout ratio (DPR) is presently 36.08%.

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.