Klein Pavlis & Peasley Financial Inc. Grows Position in The Buckle, Inc. (NYSE:BKE)

Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,800 shares of the company’s stock after purchasing an additional 1,100 shares during the quarter. Buckle makes up approximately 1.4% of Klein Pavlis & Peasley Financial Inc.’s portfolio, making the stock its 23rd largest holding. Klein Pavlis & Peasley Financial Inc.’s holdings in Buckle were worth $1,794,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Buckle by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock valued at $173,638,000 after purchasing an additional 24,051 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Buckle in the first quarter worth about $3,073,000. Caxton Associates LP purchased a new stake in shares of Buckle in the first quarter worth about $804,000. Sei Investments Co. purchased a new stake in shares of Buckle in the first quarter worth about $856,000. Finally, BNP Paribas Financial Markets increased its position in shares of Buckle by 67.9% in the first quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after purchasing an additional 44,850 shares during the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

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, August 5th. The shares were sold at an average price of $37.80, for a total value of $579,852.00. Following the transaction, the chief executive officer now owns 1,950,377 shares in the company, valued at approximately $73,724,250.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the sale, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $37.80, for a total value of $579,852.00. Following the completion of the sale, the chief executive officer now directly owns 1,950,377 shares of the company’s stock, valued at $73,724,250.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,718 shares of company stock worth $5,819,174. Insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research report on Monday, August 26th. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Buckle Price Performance

Shares of NYSE BKE opened at $42.39 on Monday. The Buckle, Inc. has a one year low of $32.16 and a one year high of $48.15. The firm’s 50 day simple moving average is $42.72 and its two-hundred day simple moving average is $39.71. The stock has a market capitalization of $2.15 billion, a P/E ratio of 10.00 and a beta of 1.13.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.78 EPS for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The business had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio is 33.02%.

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.