Sprott Inc. Has $12.19 Million Stake in The Buckle, Inc. (NYSE:BKE)

Sprott Inc. reduced its stake in The Buckle, Inc. (NYSE:BKE) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 240,000 shares of the company’s stock after selling 20,000 shares during the period. Sprott Inc.’s holdings in Buckle were worth $12,194,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. State Street Corp lifted its stake 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 worth $58,849,000 after buying an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Buckle by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock valued at $53,509,000 after acquiring an additional 48,436 shares during the period. Geode Capital Management LLC grew its position in shares of Buckle by 4.8% in the third quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock valued at $35,142,000 after purchasing an additional 36,472 shares during the last quarter. Impala Asset Management LLC grew its position in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Buckle by 3.9% in the fourth 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 during the period. Institutional investors own 53.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BKE. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $43.42, for a total transaction of $888,069.26. Following the sale, the chief executive officer now directly owns 1,698,828 shares in the company, valued at approximately $73,763,111.76. The trade was a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $51.70, for a total value of $129,250.00. Following the completion of the transaction, the director now directly owns 22,123 shares of the company’s stock, valued at approximately $1,143,759.10. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,542 shares of company stock valued at $5,267,351 in the last quarter. Corporate insiders own 39.80% of the company’s stock.

Buckle Price Performance

NYSE BKE opened at $40.21 on Wednesday. The company’s fifty day moving average is $47.64 and its two-hundred day moving average is $46.01. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 10.21 and a beta of 1.14.

Buckle Cuts Dividend

The company also recently declared a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $2.50 per share. The ex-dividend date was Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s dividend payout ratio is 35.53%.

Buckle Company 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.