Rhumbline Advisers Has $3.71 Million Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Rhumbline Advisers boosted its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,476 shares of the company’s stock after buying an additional 937 shares during the period. Rhumbline Advisers owned approximately 0.20% of Buckle worth $3,712,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Buckle by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after acquiring an additional 24,051 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in Buckle in the first quarter valued at approximately $3,073,000. Caxton Associates LP purchased a new stake in Buckle in the first quarter valued at approximately $804,000. Sei Investments Co. purchased a new stake in Buckle in the first quarter valued at approximately $856,000. Finally, BNP Paribas Financial Markets raised its stake in Buckle by 67.9% in the first quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock valued at $4,465,000 after purchasing an additional 44,850 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Up 0.2 %

NYSE:BKE opened at $44.07 on Tuesday. The stock has a market cap of $2.24 billion, a P/E ratio of 10.39 and a beta of 1.13. The firm’s fifty day simple moving average is $41.01 and its 200 day simple moving average is $38.85. The Buckle, Inc. has a twelve month low of $30.31 and a twelve month high of $48.15.

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

Buckle Dividend Announcement

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. The ex-dividend date is Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.18%. Buckle’s payout ratio is 33.02%.

Analyst Ratings Changes

A number of brokerages have commented on BKE. UBS Group reduced their price target 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. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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 directly owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 in the company, valued at $81,688,978.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,346 shares of company stock worth $4,126,478. 39.80% of the stock is owned by corporate insiders.

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.