Skandinaviska Enskilda Banken AB publ Purchases 34,100 Shares of The Buckle, Inc. (NYSE:BKE)

Skandinaviska Enskilda Banken AB publ increased its position in The Buckle, Inc. (NYSE:BKE) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,700 shares of the company’s stock after purchasing an additional 34,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Buckle were worth $11,257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp boosted 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 worth $58,849,000 after purchasing an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock worth $65,352,000 after purchasing an additional 69,258 shares in the last quarter. Geode Capital Management LLC boosted its stake in Buckle by 4.8% in the 3rd 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 in the last quarter. Impala Asset Management LLC boosted its stake in Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after purchasing an additional 110,273 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Buckle by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company’s stock worth $8,213,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the transaction, the chief executive officer now owns 1,739,734 shares in the company, valued at approximately $89,718,082.38. This represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 97,382 shares of company stock worth $4,446,403. Company insiders own 39.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Buckle Stock Performance

BKE opened at $36.07 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 9.15 and a beta of 1.17. The company’s 50-day simple moving average is $44.22 and its two-hundred day simple moving average is $45.57. The Buckle, Inc. has a 52-week low of $34.67 and a 52-week high of $54.25.

Buckle (NYSE:BKE) last posted its earnings results on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.09. The business had revenue of $379.20 million for the quarter, compared to analysts’ expectations of $378.97 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 .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.59 EPS.

Buckle 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.