Evergreen Capital Management LLC Has $359,000 Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Evergreen Capital Management LLC lifted its position in shares of The Buckle, Inc. (NYSE:BKE) by 73.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,705 shares of the company’s stock after purchasing an additional 4,101 shares during the quarter. Evergreen Capital Management LLC’s holdings in Buckle were worth $359,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions 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 worth $173,638,000 after acquiring an additional 24,051 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Buckle during the 1st quarter valued at about $3,073,000. Caxton Associates LP acquired a new position in shares of Buckle in the 1st quarter valued at approximately $804,000. Sei Investments Co. bought a new stake in Buckle during the 1st quarter worth approximately $856,000. Finally, BNP Paribas Financial Markets raised its holdings in Buckle by 67.9% during the 1st quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after buying an additional 44,850 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Activity

In related news, CEO Dennis H. Nelson sold 20,487 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $41.33, for a total transaction of $846,727.71. Following the sale, the chief executive officer now owns 1,965,717 shares in the company, valued at $81,243,083.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dennis H. Nelson sold 900 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total value of $36,297.00. Following the completion of the transaction, the chief executive officer now directly owns 1,949,477 shares of the company’s stock, valued at $78,622,407.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis H. Nelson sold 20,487 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $41.33, for a total transaction of $846,727.71. Following the transaction, the chief executive officer now owns 1,965,717 shares in the company, valued at $81,243,083.61. The disclosure for this sale can be found here. Insiders sold 120,799 shares of company stock worth $5,033,569 in the last quarter. Corporate insiders own 39.80% of the company’s stock.

Analyst Ratings Changes

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

Buckle Stock Performance

NYSE BKE opened at $43.07 on Friday. The Buckle, Inc. has a 52 week low of $30.31 and a 52 week high of $48.15. The stock’s 50 day moving average price is $41.80 and its two-hundred day moving average price is $39.08. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 10.16 and a beta of 1.13.

Buckle (NYSE:BKE) last announced its quarterly earnings data 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.25%. Buckle’s dividend payout ratio is 33.02%.

About Buckle

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.