Texas Permanent School Fund Corp Grows Holdings in The Buckle, Inc. (NYSE:BKE)

Texas Permanent School Fund Corp lifted its position in shares of The Buckle, Inc. (NYSE:BKE) by 8.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,807 shares of the company’s stock after buying an additional 2,240 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.05% of Buckle worth $1,027,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BKE. Redhawk Wealth Advisors Inc. raised its holdings in Buckle by 2.7% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 13,927 shares of the company’s stock valued at $514,000 after acquiring an additional 370 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Buckle by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the company’s stock valued at $550,000 after purchasing an additional 400 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in Buckle by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 21,719 shares of the company’s stock worth $802,000 after buying an additional 410 shares during the period. Hancock Whitney Corp grew its holdings in Buckle by 3.7% in the 1st quarter. Hancock Whitney Corp now owns 15,094 shares of the company’s stock valued at $608,000 after buying an additional 533 shares during the period. Finally, TFO Wealth Partners LLC increased its stake in shares of Buckle by 60,000.0% during the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock valued at $29,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Buying and Selling

In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at $3,315,029.50. The transaction was disclosed in a filing 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 stock in a transaction that occurred on Friday, September 6th. The shares were 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 owns 80,170 shares of the company’s stock, valued at $3,315,029.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John P. Peetz sold 2,500 shares of Buckle stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $40.26, for a total transaction of $100,650.00. Following the sale, the director now owns 24,623 shares in the company, valued at approximately $991,321.98. The disclosure for this sale can be found here. In the last three months, insiders sold 120,799 shares of company stock valued at $5,033,569. Company insiders own 39.80% of the company’s stock.

Buckle Price Performance

Buckle stock opened at $43.85 on Friday. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 10.34 and a beta of 1.13. The Buckle, Inc. has a 12 month low of $30.31 and a 12 month high of $48.15. The stock’s 50-day moving average is $41.44 and its 200-day moving average is $38.95.

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

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.19%. Buckle’s payout ratio is 33.02%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BKE shares. UBS Group lowered their target price on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a report on Monday, August 26th. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd.

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.