State Board of Administration of Florida Retirement System lessened its position in Buckle, Inc. (The) (NYSE:BKE) by 18.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,539 shares of the company’s stock after selling 4,098 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Buckle, Inc. (The) were worth $296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKE. Municipal Employees Retirement System of Michigan increased its stake in Buckle, Inc. (The) by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after acquiring an additional 290 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Buckle, Inc. (The) by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock valued at $130,000 after acquiring an additional 1,056 shares during the last quarter. Pacad Investment Ltd. increased its stake in Buckle, Inc. (The) 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 during the last quarter. Leucadia National Corp bought a new position in Buckle, Inc. (The) in the second quarter valued at $181,000. Finally, WealthPLAN Partners LLC increased its stake in Buckle, Inc. (The) 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 during the last quarter. 60.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, 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 transaction of $65,395.00. Following the completion of the sale, the vice president now directly owns 24,900 shares in the company, valued at $397,155. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the sale, the director now owns 31,964 shares of the company’s stock, valued at $671,244. The disclosure for this sale can be found here. Corporate insiders own 41.70% of the company’s stock.

Shares of Buckle, Inc. (NYSE BKE) opened at $21.05 on Wednesday. Buckle, Inc. has a 1 year low of $13.50 and a 1 year high of $27.10. The stock has a market cap of $1,059.93, a PE ratio of 12.54 and a beta of 0.94.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.00 annualized dividend and a yield of 4.75%. Buckle, Inc. (The)’s payout ratio is 57.80%.

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A number of research analysts recently commented on BKE shares. BidaskClub cut Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine raised Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank AG reduced their target price on Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, November 1st.

Buckle, Inc. (The) Company Profile

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, Inc. (The) (NYSE:BKE)

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