Advisors Asset Management Inc. Reduces Holdings in The Buckle, Inc. (NYSE:BKE)

Advisors Asset Management Inc. decreased its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 2.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 294,156 shares of the company’s stock after selling 8,242 shares during the period. Advisors Asset Management Inc. owned approximately 0.58% of Buckle worth $14,946,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. State Street Corp grew its stake in shares of Buckle by 5.7% during the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock worth $58,849,000 after acquiring an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings 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 buying an additional 69,258 shares during the period. Geode Capital Management LLC increased its holdings 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 buying an additional 36,472 shares during the period. Impala Asset Management LLC increased its holdings 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 buying an additional 110,273 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in Buckle by 18.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 219,700 shares of the company’s stock worth $11,257,000 after buying an additional 34,100 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 15,340 shares of the firm’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 transaction of $606,083.40. Following the sale, the chief executive officer now owns 1,663,035 shares of the company’s stock, valued at $65,706,512.85. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 76,929 shares of company stock valued at $3,395,733 in the last 90 days. 39.80% of the stock is currently owned by company insiders.

Buckle Trading Up 2.9 %

Shares of NYSE:BKE opened at $37.18 on Tuesday. The Buckle, Inc. has a twelve month low of $34.67 and a twelve month high of $54.25. The company’s 50 day moving average is $43.94 and its 200 day moving average is $45.58. The company has a market cap of $1.89 billion, a PE ratio of 9.44 and a beta of 1.17.

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. 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 was down .8% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS.

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.