Royce & Associates LP Sells 599,360 Shares of Buckle Inc (BKE)

Royce & Associates LP lowered its stake in Buckle Inc (NYSE:BKE) by 69.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,265 shares of the company’s stock after selling 599,360 shares during the period. Royce & Associates LP owned approximately 0.53% of Buckle worth $4,369,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in Buckle by 4.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after purchasing an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Buckle by 14.2% during the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock worth $142,000 after purchasing an additional 995 shares in the last quarter. Pacad Investment Ltd. lifted its position in shares of Buckle by 750.0% in the second quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock valued at $151,000 after acquiring an additional 7,500 shares in the last quarter. Leucadia National Corp purchased a new stake in shares of Buckle in the second quarter valued at $181,000. Finally, WealthPLAN Partners LLC lifted its position in shares of Buckle by 6,281.0% in the second quarter. WealthPLAN Partners LLC now owns 12,762 shares of the company’s stock valued at $227,000 after acquiring an additional 12,562 shares in the last quarter. Hedge funds and other institutional investors own 59.76% of the company’s stock.

Buckle Inc (NYSE BKE) opened at $22.70 on Monday. The company has a market capitalization of $1,109.91, a price-to-earnings ratio of 13.14 and a beta of 1.10. Buckle Inc has a 12 month low of $13.50 and a 12 month high of $24.45.

Buckle (NYSE:BKE) last released its earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The firm had revenue of $224.30 million during the quarter, compared to analyst estimates of $224.12 million. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The business’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. research analysts expect that Buckle Inc will post 1.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.00 annualized dividend and a yield of 4.41%. Buckle’s dividend payout ratio is presently 57.80%.

In other news, SVP Brett P. Milkie sold 1,500 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total value of $31,530.00. Following the completion of the sale, the senior vice president now owns 32,070 shares in the company, valued at $674,111.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kyle Hanson sold 4,100 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the sale, the vice president now owns 24,900 shares of the company’s stock, valued at approximately $397,155. The disclosure for this sale can be found here. Insiders have sold 7,600 shares of company stock valued at $138,925 over the last 90 days. 41.70% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on BKE. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Wednesday, November 1st.

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About Buckle

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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