Pacer Advisors Inc. Purchases 90,190 Shares of The Buckle, Inc. (NYSE:BKE)

Pacer Advisors Inc. grew its position in shares of The Buckle, Inc. (NYSE:BKE) by 4.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,100,398 shares of the company’s stock after buying an additional 90,190 shares during the quarter. Pacer Advisors Inc.’s holdings in Buckle were worth $77,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. increased its position in Buckle by 2.7% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock worth $514,000 after buying an additional 370 shares during the period. Louisiana State Employees Retirement System increased its position in Buckle by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock worth $550,000 after buying an additional 400 shares during the period. SummerHaven Investment Management LLC grew its holdings in shares of Buckle by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock worth $802,000 after purchasing an additional 410 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Buckle by 3.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,163 shares of the company’s stock worth $597,000 after purchasing an additional 494 shares in the last quarter. Finally, Hancock Whitney Corp grew its holdings in shares of Buckle by 3.7% during the 1st quarter. Hancock Whitney Corp now owns 15,094 shares of the company’s stock worth $608,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 24,666 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was 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 directly owns 1,924,811 shares of the company’s stock, valued at $81,688,978.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Dennis H. Nelson sold 24,666 shares of Buckle stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the sale, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at $81,688,978.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 20,487 shares of Buckle stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $41.33, for a total value of $846,727.71. Following the sale, the chief executive officer now directly owns 1,965,717 shares in the company, valued at $81,243,083.61. The disclosure for this sale can be found here. Insiders have sold 120,799 shares of company stock valued at $5,033,569 over the last ninety days. 39.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BKE shares. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group reduced their target price on 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

BKE opened at $43.85 on Friday. The business’s fifty day moving average is $41.54 and its 200-day moving average is $38.96. The firm has a market cap of $2.23 billion, a P/E ratio of 10.34 and a beta of 1.13. The Buckle, Inc. has a 52-week low of $30.31 and a 52-week high of $48.15.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 23rd. The company reported $0.78 earnings per share 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 disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 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.