Blue Trust Inc. Buys 270 Shares of The Buckle, Inc. (NYSE:BKE)

Blue Trust Inc. boosted its stake in The Buckle, Inc. (NYSE:BKE) by 52.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 789 shares of the company’s stock after purchasing an additional 270 shares during the period. Blue Trust Inc.’s holdings in Buckle were worth $35,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BKE. Vanguard Group Inc. increased its stake in shares of Buckle by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after purchasing an additional 24,051 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock worth $77,589,000 after purchasing an additional 90,190 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock worth $49,566,000 after purchasing an additional 29,349 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Buckle by 2.2% in the second quarter. Victory Capital Management Inc. now owns 736,132 shares of the company’s stock worth $27,193,000 after purchasing an additional 16,077 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 in the last quarter. Institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

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

Buckle Trading Down 0.9 %

Shares of NYSE:BKE opened at $42.18 on Friday. The company has a 50 day moving average of $42.77 and a 200 day moving average of $39.88. The stock has a market cap of $2.14 billion, a P/E ratio of 10.29 and a beta of 1.13. The Buckle, Inc. has a 12 month low of $32.16 and a 12 month high of $48.15.

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

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.35 per share. The ex-dividend date was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.32%. Buckle’s payout ratio is presently 34.15%.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 900 shares of Buckle stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total transaction of $36,297.00. Following the completion of the sale, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 900 shares of Buckle stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total transaction of $36,297.00. Following the completion of the sale, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $37.80, for a total transaction of $579,852.00. Following the sale, the chief executive officer now owns 1,950,377 shares of the company’s stock, valued at approximately $73,724,250.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,718 shares of company stock worth $5,819,174 over the last three months. 39.80% of the stock is owned by insiders.

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.