Capital Fund Management S.A. Buys 22,116 Shares of The Buckle, Inc. (NYSE:BKE)

Capital Fund Management S.A. raised its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 189.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,772 shares of the company's stock after acquiring an additional 22,116 shares during the quarter. Capital Fund Management S.A. owned approximately 0.07% of Buckle worth $1,716,000 as of its most recent filing with the Securities & Exchange Commission.

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Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its stake in Buckle by 442.8% in the fourth quarter. Teacher Retirement System of Texas now owns 190,450 shares of the company's stock valued at $9,677,000 after purchasing an additional 155,366 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock valued at $47,636,000 after buying an additional 100,173 shares during the last quarter. Norges Bank bought a new position in shares of Buckle during the 4th quarter worth $4,909,000. Amundi increased its holdings in Buckle by 4,016.8% in the 4th quarter. Amundi now owns 75,297 shares of the company's stock worth $3,787,000 after acquiring an additional 73,468 shares during the last quarter. Finally, State Street Corp raised its stake in Buckle by 5.7% in the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company's stock valued at $58,849,000 after acquiring an additional 72,532 shares during the period. 53.93% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Dennis H. Nelson sold 2,320 shares of Buckle stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total transaction of $84,239.20. Following the completion of the sale, the chief executive officer now owns 1,743,375 shares of the company's stock, valued at approximately $63,301,946.25. This trade represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 74,136 shares of company stock worth $2,982,360 in the last three months. Corporate insiders own 39.80% of the company's stock.

Wall Street Analyst Weigh In

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A number of equities analysts have weighed in on BKE shares. UBS Group cut their target price on shares of Buckle from $43.00 to $41.00 and set a "neutral" rating for the company in a research report on Tuesday, March 18th. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Read Our Latest Stock Report on Buckle

Buckle Stock Performance

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Shares of BKE opened at $34.23 on Wednesday. The Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $54.25. The stock's 50-day simple moving average is $38.75 and its 200 day simple moving average is $44.63. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 8.69 and a beta of 0.91.

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

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.09%. The ex-dividend date is Tuesday, April 15th. Buckle's payout ratio is 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.

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