The Buckle, Inc. (NYSE:BKE) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its stake in shares of The Buckle, Inc. (NYSE:BKE) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,770 shares of the company’s stock after purchasing an additional 622 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Buckle were worth $801,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of Buckle by 4.5% during the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after buying an additional 90,190 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Buckle by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock valued at $49,566,000 after purchasing an additional 29,349 shares during the last quarter. State Street Corp increased its holdings in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after purchasing an additional 72,532 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Buckle by 4.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock worth $53,509,000 after purchasing an additional 48,436 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Buckle by 4.8% during the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock worth $35,142,000 after purchasing an additional 36,472 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKE. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Insider Activity at Buckle

In other Buckle news, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the transaction, the director now directly owns 22,123 shares in the company, valued at approximately $1,143,759.10. This represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $43.00, for a total transaction of $879,479.00. Following the completion of the sale, the chief executive officer now owns 1,842,999 shares in the company, valued at approximately $79,248,957. This trade represents a 1.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,265 shares of company stock worth $6,615,570 in the last 90 days. Corporate insiders own 39.80% of the company’s stock.

Buckle Trading Down 2.3 %

Shares of BKE stock opened at $47.24 on Friday. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25. The stock has a market cap of $2.40 billion, a P/E ratio of 11.99 and a beta of 1.15. The stock has a 50 day moving average of $50.52 and a 200 day moving average of $44.69.

Buckle (NYSE:BKE) last posted its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 earnings per share.

Buckle Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th will be given a dividend of $2.50 per share. This represents a dividend yield of 2.6%. The ex-dividend date is Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is presently 35.53%.

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.