The Buckle, Inc. (NYSE:BKE) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of The Buckle, Inc. (NYSE:BKE) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,664 shares of the company’s stock after purchasing an additional 1,106 shares during the period. QRG Capital Management Inc.’s holdings in Buckle were worth $865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Buckle by 52.0% in the third quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after acquiring an additional 270 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Buckle during the first quarter worth $70,000. CWM LLC raised its stake in shares of Buckle by 119.9% in the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after acquiring an additional 1,096 shares in the last quarter. Signaturefd LLC raised its stake in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after acquiring an additional 624 shares in the last quarter. Finally, Gladius Capital Management LP raised its stake in shares of Buckle by 217.4% in the second 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 institutional investors and hedge funds.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total transaction of $854,526.34. Following the completion of the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the sale, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group dropped their price objective 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 upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Friday.

Buckle Stock Performance

BKE stock opened at $45.28 on Friday. The stock has a market capitalization of $2.30 billion, a P/E ratio of 11.04 and a beta of 1.14. The Buckle, Inc. has a one year low of $32.16 and a one year high of $48.15. The company has a 50 day moving average price of $43.02 and a two-hundred day moving average price of $40.18.

Buckle (NYSE:BKE) last posted its earnings results 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 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. Stockholders of record on Friday, October 11th were paid a $0.35 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.09%. Buckle’s dividend payout ratio (DPR) is presently 34.15%.

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.