Renaissance Technologies LLC Purchases 2,400 Shares of The Buckle, Inc. (NYSE:BKE)

Renaissance Technologies LLC boosted its position in The Buckle, Inc. (NYSE:BKE) by 0.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,116,502 shares of the company’s stock after purchasing an additional 2,400 shares during the period. Renaissance Technologies LLC owned about 2.20% of Buckle worth $41,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKE. Vanguard Group Inc. boosted 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 buying an additional 24,051 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock worth $49,566,000 after purchasing an additional 29,349 shares during the last quarter. First Trust Advisors LP grew its stake in Buckle by 30.3% in the 4th quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock valued at $36,504,000 after purchasing an additional 178,794 shares during the period. Victory Capital Management Inc. increased its position in shares of Buckle by 2.2% during the 2nd quarter. Victory Capital Management Inc. now owns 736,132 shares of the company’s stock valued at $27,193,000 after purchasing an additional 16,077 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Buckle by 14.0% during the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock valued at $26,452,000 after purchasing an additional 87,690 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Activity at Buckle

In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the 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 sale, the senior vice president now owns 80,170 shares in the company, valued at $3,315,029.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Brett P. Milkie sold 16,000 shares of the business’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 sale, the senior vice president now directly owns 80,170 shares in the company, valued at approximately $3,315,029.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John P. Peetz sold 2,500 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total value of $100,650.00. Following the sale, the director now directly 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 ninety days, insiders sold 100,346 shares of company stock worth $4,126,478. Corporate insiders own 39.80% of the company’s stock.

Buckle Price Performance

NYSE:BKE opened at $44.05 on Thursday. The Buckle, Inc. has a 1 year low of $30.31 and a 1 year high of $48.15. The business has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $38.87. The company has a market capitalization of $2.24 billion, a P/E ratio of 10.39 and a beta of 1.13.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 23rd. The company reported $0.78 earnings per share (EPS) for the quarter. The business 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 declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s payout ratio is currently 33.02%.

Analyst Upgrades and Downgrades

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