Credit Suisse AG cut its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 10.6% during the first quarter, Holdings Channel reports. The fund owned 79,669 shares of the company’s stock after selling 9,458 shares during the period. Credit Suisse AG’s holdings in Buckle, Inc. (The) were worth $1,482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Buckle, Inc. (The) by 15.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock valued at $102,000 after buying an additional 737 shares during the last quarter. Mason Street Advisors LLC raised its position in Buckle, Inc. (The) by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after buying an additional 497 shares during the last quarter. Oxford Asset Management acquired a new position in Buckle, Inc. (The) during the first quarter valued at approximately $187,000. Boston Partners acquired a new position in Buckle, Inc. (The) during the first quarter valued at approximately $190,000. Finally, Karp Capital Management Corp acquired a new position in Buckle, Inc. (The) during the first quarter valued at approximately $193,000. 64.59% of the stock is owned by institutional investors and hedge funds.

Shares of Buckle, Inc. (NYSE BKE) traded down 5.61% on Tuesday, reaching $14.30. 251,705 shares of the company were exchanged. The company has a 50-day moving average price of $16.84 and a 200 day moving average price of $18.13. Buckle, Inc. has a 1-year low of $14.15 and a 1-year high of $28.67. The stock has a market capitalization of $689.52 million, a PE ratio of 7.57 and a beta of 0.89.

Buckle, Inc. (The) (NYSE:BKE) last released its quarterly earnings results on Thursday, May 18th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. The firm had revenue of $212.20 million during the quarter, compared to analysts’ expectations of $216.42 million. Buckle, Inc. (The) had a return on equity of 20.95% and a net margin of 9.66%. Buckle, Inc. (The)’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. On average, analysts forecast that Buckle, Inc. will post $1.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date was Wednesday, July 12th. Buckle, Inc. (The)’s dividend payout ratio is presently 53.19%.

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Several research analysts have recently commented on the stock. ValuEngine lowered shares of Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Monday. Deutsche Bank AG reiterated a “sell” rating and issued a $15.00 price target on shares of Buckle, Inc. (The) in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Buckle, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Buckle, Inc. (The) presently has an average rating of “Sell” and a consensus price target of $18.67.

About Buckle, Inc. (The)

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.

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Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

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