The Manufacturers Life Insurance Company Purchases 655 Shares of The Buckle, Inc. (NYSE:BKE)

The Manufacturers Life Insurance Company boosted its position in The Buckle, Inc. (NYSE:BKE) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,133 shares of the company’s stock after purchasing an additional 655 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Buckle were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in shares of Buckle during the 1st quarter worth $70,000. CWM LLC boosted its position in shares of Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after purchasing an additional 1,096 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Buckle during the 4th quarter valued at about $103,000. Gladius Capital Management LP boosted its holdings in Buckle by 217.4% in the second quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after acquiring an additional 2,024 shares in the last quarter. Finally, nVerses Capital LLC boosted its holdings in Buckle by 2,350.0% in the second quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after acquiring an additional 4,700 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.73, for a total transaction of $853,503.69. Following the transaction, the chief executive officer now owns 1,863,452 shares in the company, valued at approximately $77,761,851.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $41.73, for a total value of $853,503.69. Following the sale, the chief executive officer now owns 1,863,452 shares in the company, valued at $77,761,851.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total value of $1,046,825.04. Following the sale, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,752 shares of company stock valued at $5,786,422 in the last 90 days. Insiders own 39.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Buckle Stock Performance

NYSE:BKE opened at $43.06 on Tuesday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 10.15 and a beta of 1.13. The Buckle, Inc. has a 52-week low of $32.16 and a 52-week high of $48.15. The stock has a fifty day moving average of $42.32 and a 200 day moving average of $39.43.

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

Buckle Announces Dividend

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

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.