Advisors Asset Management Inc. Cuts Holdings in The Buckle, Inc. (NYSE:BKE)

Advisors Asset Management Inc. cut its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 2.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 302,398 shares of the company’s stock after selling 6,601 shares during the quarter. Advisors Asset Management Inc.’s holdings in Buckle were worth $13,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of BKE. Pacer Advisors Inc. boosted its holdings in shares of 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. boosted its holdings in Buckle by 14.0% in the second quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after purchasing an additional 87,690 shares during the last quarter. Impala Asset Management LLC grew its position in Buckle by 27.4% in the 2nd quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock worth $9,410,000 after purchasing an additional 54,727 shares during the period. Denali Advisors LLC boosted its stake in shares of Buckle by 37.2% in the 2nd quarter. Denali Advisors LLC now owns 156,928 shares of the company’s stock worth $5,797,000 after buying an additional 42,578 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its holdings in Buckle by 60.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock valued at $3,103,000 after acquiring an additional 31,500 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Buckle Stock Down 1.1 %

BKE stock opened at $47.25 on Wednesday. The business’s 50-day moving average price is $43.85 and its 200-day moving average price is $40.70. The stock has a market cap of $2.40 billion, a P/E ratio of 11.52 and a beta of 1.14. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $49.78.

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

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.96%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 34.15%.

Analyst Ratings Changes

Several brokerages recently issued reports on BKE. 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 report on Tuesday, November 12th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday.

Insiders Place Their Bets

In related news, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. The trade was a 16.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.90, for a total transaction of $877,433.70. Following the completion of the sale, the chief executive officer now directly owns 1,822,546 shares of the company’s stock, valued at approximately $78,187,223.40. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,931 shares of company stock worth $6,080,458 in the last three months. 39.80% of the stock is owned by company insiders.

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.