Vest Financial LLC Increases Stake in The Buckle, Inc. (NYSE:BKE)

Vest Financial LLC boosted its stake in The Buckle, Inc. (NYSE:BKE) by 37.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,794 shares of the company’s stock after buying an additional 8,154 shares during the period. Vest Financial LLC’s holdings in Buckle were worth $1,101,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. TFO Wealth Partners LLC raised its holdings in 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. Quadrant Capital Group LLC grew its position in shares of Buckle by 527.4% in the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock worth $47,000 after buying an additional 828 shares during the period. EntryPoint Capital LLC bought a new position in shares of Buckle in the 1st quarter worth about $70,000. CWM LLC boosted its stake in Buckle by 119.9% during the second 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. Finally, Newbridge Financial Services Group Inc. bought a new stake in Buckle during the fourth quarter worth about $103,000. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

BKE opened at $41.98 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 9.90 and a beta of 1.13. The stock has a 50-day moving average price of $40.70 and a 200-day moving average price of $38.84. The Buckle, Inc. has a 1 year low of $30.31 and a 1 year high of $48.15.

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.35 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.34%. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Analysts Set New Price Targets

BKE has been the subject of a number of analyst reports. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group reduced their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday, August 26th.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 15,340 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 1,950,377 shares of the company’s stock, valued at $73,724,250.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the stock in a transaction on Monday, August 5th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the sale, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,346 shares of company stock worth $4,126,478. Corporate insiders own 39.80% of the company’s stock.

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.