The Buckle, Inc. (NYSE:BKE) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board lessened its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 4.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,443 shares of the company’s stock after selling 2,900 shares during the quarter. Public Sector Pension Investment Board owned 0.12% of Buckle worth $2,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of Buckle during the third quarter worth approximately $4,753,000. Pacer Advisors Inc. boosted its stake in Buckle by 4.5% during the 2nd quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after acquiring an additional 90,190 shares during the last quarter. American Century Companies Inc. grew its holdings in Buckle by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after acquiring an additional 87,690 shares in the last quarter. Impala Asset Management LLC raised its stake in shares of Buckle by 27.4% in the 2nd quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after purchasing an additional 54,727 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Buckle by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,216,954 shares of the company’s stock worth $53,509,000 after purchasing an additional 48,436 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BKE shares. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a research report on Monday, November 18th. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and boosted their target price for the company from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $53.18, for a total transaction of $1,087,690.54. Following the sale, the chief executive officer now owns 1,781,640 shares of the company’s stock, valued at approximately $94,747,615.20. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Karen B. Rhoads sold 9,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total value of $490,485.00. Following the completion of the transaction, the director now directly owns 214,089 shares of the company’s stock, valued at $11,053,415.07. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 148,218 shares of company stock valued at $6,611,809 in the last ninety days. Company insiders own 39.80% of the company’s stock.

Buckle Stock Down 1.3 %

Shares of NYSE BKE opened at $53.40 on Wednesday. The firm’s 50-day moving average price is $45.12 and its two-hundred day moving average price is $41.47. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The stock has a market capitalization of $2.71 billion, a P/E ratio of 13.55 and a beta of 1.14.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $293.60 million for the quarter, compared to analyst estimates of $293.60 million. During the same quarter in the prior year, the firm earned $1.04 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 2.62%. Buckle’s dividend payout ratio is presently 35.53%.

Buckle 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.