Buckle Inc (NYSE:BKE) was the target of unusually large options trading on Thursday. Stock traders acquired 703 put options on the stock. This is an increase of 850% compared to the average daily volume of 74 put options.

In related news, Director Karen B. Rhoads sold 4,000 shares of Buckle stock in a transaction that occurred on Thursday, December 20th. The stock was sold at an average price of $18.85, for a total transaction of $75,400.00. Following the completion of the sale, the director now directly owns 1,687 shares of the company’s stock, valued at approximately $31,799.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 41.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in Buckle by 0.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 778,477 shares of the company’s stock worth $20,941,000 after acquiring an additional 5,006 shares during the last quarter. First Trust Advisors LP grew its position in Buckle by 3.4% during the 3rd quarter. First Trust Advisors LP now owns 122,702 shares of the company’s stock worth $2,828,000 after acquiring an additional 3,998 shares during the last quarter. Russell Investments Group Ltd. grew its position in Buckle by 25.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 72,263 shares of the company’s stock worth $1,666,000 after acquiring an additional 14,851 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Buckle by 9.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,047,431 shares of the company’s stock worth $24,144,000 after acquiring an additional 89,891 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in Buckle by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 775,165 shares of the company’s stock worth $17,868,000 after acquiring an additional 88,582 shares during the last quarter. Institutional investors own 68.19% of the company’s stock.

Several analysts recently weighed in on BKE shares. TheStreet raised Buckle from a “c” rating to a “b-” rating in a report on Tuesday, November 27th. Zacks Investment Research cut Buckle from a “buy” rating to a “sell” rating in a report on Thursday, November 29th. Finally, ValuEngine cut Buckle from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th.

Shares of BKE opened at $18.08 on Friday. Buckle has a 52-week low of $16.85 and a 52-week high of $29.65. The firm has a market capitalization of $921.58 million, a PE ratio of 9.77 and a beta of 0.47.

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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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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