JLB & Associates Inc. Acquires Shares of 5,000 The Buckle, Inc. (NYSE:BKE)

JLB & Associates Inc. bought a new stake in The Buckle, Inc. (NYSE:BKE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TFO Wealth Partners LLC grew its holdings in Buckle by 60,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after acquiring an additional 600 shares in the last quarter. EntryPoint Capital LLC bought a new position in Buckle during the 1st quarter worth approximately $70,000. CWM LLC grew its position in shares of Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Buckle in the 4th quarter valued at approximately $103,000. Finally, Gladius Capital Management LP raised its position in shares of Buckle by 217.4% during the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock valued at $109,000 after acquiring an additional 2,024 shares in the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the transaction, the chief executive officer now owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction dated 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 directly owns 1,950,377 shares in the company, valued at approximately $73,724,250.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the completion of the transaction, the chief executive officer now owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. The disclosure for this sale can be found here. Insiders have sold a total of 120,799 shares of company stock worth $5,033,569 in the last three months. 39.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BKE. UBS Group decreased their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a report on Monday, August 26th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.

Buckle Stock Performance

Shares of BKE opened at $41.83 on Thursday. The firm has a fifty day moving average of $42.14 and a 200-day moving average of $39.23. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 9.87 and a beta of 1.13. The Buckle, Inc. has a 1 year low of $30.31 and a 1 year high of $48.15.

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

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 issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend 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.