Vanguard Personalized Indexing Management LLC Invests $225,000 in The Buckle, Inc. (NYSE:BKE)

Vanguard Personalized Indexing Management LLC purchased a new stake in The Buckle, Inc. (NYSE:BKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,081 shares of the company’s stock, valued at approximately $225,000.

A number of other large investors have also recently bought and sold shares of BKE. Redhawk Wealth Advisors Inc. grew its holdings in shares of Buckle by 2.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after purchasing an additional 370 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after buying an additional 400 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in Buckle by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock worth $802,000 after buying an additional 410 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Buckle by 3.2% during the second quarter. Mercer Global Advisors Inc. ADV now owns 16,163 shares of the company’s stock worth $597,000 after buying an additional 494 shares in the last quarter. Finally, Hancock Whitney Corp raised its stake in shares of Buckle by 3.7% in the first quarter. Hancock Whitney Corp now owns 15,094 shares of the company’s stock valued at $608,000 after acquiring an additional 533 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Insider Activity at Buckle

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKE. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. 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 report on Monday, August 26th.

Buckle Stock Performance

NYSE:BKE opened at $44.03 on Monday. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 10.38 and a beta of 1.13. The stock’s fifty day moving average price is $41.92 and its two-hundred day moving average price is $39.13. The Buckle, Inc. has a 52-week low of $30.31 and a 52-week high of $48.15.

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

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) 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.