Dimensional Fund Advisors LP Raises Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Dimensional Fund Advisors LP grew its stake in shares of The Buckle, Inc. (NYSE:BKE) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,341,866 shares of the company’s stock after acquiring an additional 29,349 shares during the quarter. Dimensional Fund Advisors LP owned about 2.64% of Buckle worth $49,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Redhawk Wealth Advisors Inc. raised its stake in shares of Buckle by 2.7% in the second 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 raised its stake 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 acquiring an additional 400 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Buckle by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock valued at $802,000 after purchasing an additional 410 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Buckle by 3.7% in the first quarter. Hancock Whitney Corp now owns 15,094 shares of the company’s stock worth $608,000 after purchasing an additional 533 shares during the period. Finally, TFO Wealth Partners LLC increased its stake in shares of Buckle by 60,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 20,487 shares of the 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 completion of the sale, the chief executive officer now owns 1,965,717 shares in the company, valued at approximately $81,243,083.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total value of $100,650.00. Following the sale, the director now owns 24,623 shares in the company, valued at $991,321.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dennis H. Nelson sold 20,487 shares of Buckle stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,965,717 shares of the company’s stock, valued at $81,243,083.61. The disclosure for this sale can be found here. Insiders have sold a total of 120,799 shares of company stock valued at $5,033,569 in the last 90 days. Insiders own 39.80% of the company’s stock.

Buckle Trading Up 2.2 %

BKE stock opened at $44.03 on Monday. The stock has a market cap of $2.24 billion, a PE ratio of 10.38 and a beta of 1.13. The Buckle, Inc. has a 12 month low of $30.31 and a 12 month high of $48.15. The company has a 50-day moving average price of $41.92 and a 200 day moving average price of $39.13.

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

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s dividend payout ratio is currently 33.02%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group reduced their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research report on Monday, August 26th.

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.