The Buckle, Inc. (NYSE:BKE) Holdings Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC grew its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 1.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,437 shares of the company’s stock after purchasing an additional 1,109 shares during the period. Moran Wealth Management LLC’s holdings in Buckle were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. lifted its position in shares of Buckle by 52.0% during the 3rd 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 stake in Buckle during the 1st quarter worth about $70,000. CWM LLC lifted its stake in Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after buying an additional 1,096 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Buckle in the third quarter worth about $86,000. Finally, Signaturefd LLC increased its position in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock worth $98,000 after acquiring an additional 624 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction on 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 directly owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This represents a 1.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brett P. Milkie sold 16,000 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This represents a 16.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,931 shares of company stock valued at $6,080,458. 39.80% of the stock is currently owned by corporate insiders.

Buckle Stock Performance

Buckle stock opened at $47.23 on Thursday. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $49.78. The firm has a market capitalization of $2.40 billion, a PE ratio of 11.52 and a beta of 1.14. The business’s 50-day simple moving average is $43.96 and its 200-day simple moving average is $40.74.

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

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, October 11th. Buckle’s dividend payout ratio is 34.15%.

Wall Street Analysts Forecast Growth

BKE has been the subject of a number of research analyst reports. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Monday. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

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.