American Century Companies Inc. Buys 87,690 Shares of The Buckle, Inc. (NYSE:BKE)

American Century Companies Inc. grew its stake in shares of The Buckle, Inc. (NYSE:BKE) by 14.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 716,090 shares of the company’s stock after purchasing an additional 87,690 shares during the quarter. American Century Companies Inc. owned about 1.41% of Buckle worth $26,452,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Buckle in the fourth quarter valued at $9,828,000. First Trust Advisors LP grew its holdings in Buckle by 30.3% during the fourth quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after purchasing an additional 178,794 shares during the period. Edgestream Partners L.P. acquired a new position in Buckle during the first quarter worth approximately $3,073,000. Vanguard Group Inc. raised its stake in Buckle by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,287,797 shares of the company’s stock valued at $203,756,000 after buying an additional 55,192 shares during the period. 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 buying an additional 44,850 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Activity at Buckle

In related news, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the sale, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the sale, the senior vice president now directly owns 80,170 shares in the company, valued at $3,315,029.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 20,487 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $41.33, for a total value of $846,727.71. Following the transaction, the chief executive officer now directly owns 1,965,717 shares of the company’s stock, valued at approximately $81,243,083.61. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,346 shares of company stock worth $4,126,478. Company insiders own 39.80% of the company’s stock.

Buckle Stock Down 1.1 %

Buckle stock opened at $44.05 on Thursday. The company’s 50-day moving average price is $41.18 and its two-hundred day moving average price is $38.87. The stock has a market cap of $2.24 billion, a P/E ratio of 10.44 and a beta of 1.13. 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 earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. The company had revenue of $282.39 million for 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. Shareholders of record on Friday, October 11th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is 33.02%.

Analyst Ratings Changes

Several brokerages have recently commented on BKE. UBS Group reduced their target price on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th. StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

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.