Pacer Advisors Inc. Has $77.59 Million Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Pacer Advisors Inc. lifted its holdings in The Buckle, Inc. (NYSE:BKE) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,100,398 shares of the company’s stock after purchasing an additional 90,190 shares during the quarter. Pacer Advisors Inc. owned about 4.14% of Buckle worth $77,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKE. Dimensional Fund Advisors LP grew its position in shares of Buckle by 1.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,266,360 shares of the company’s stock valued at $60,179,000 after purchasing an additional 14,079 shares during the period. Quadrant Capital Group LLC boosted its position in Buckle by 527.4% during the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock worth $47,000 after acquiring an additional 828 shares during the last quarter. Norges Bank acquired a new position in Buckle during the 4th quarter worth approximately $9,828,000. TD Asset Management Inc boosted its position in Buckle by 10.6% during the 4th quarter. TD Asset Management Inc now owns 46,900 shares of the company’s stock worth $2,229,000 after acquiring an additional 4,500 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in Buckle by 2.0% during the 4th quarter. Allianz Asset Management GmbH now owns 81,149 shares of the company’s stock worth $3,856,000 after acquiring an additional 1,623 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Dennis H. Nelson sold 24,666 shares of the 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 sale, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director John P. Peetz sold 2,500 shares of the stock in a transaction on 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 owns 24,623 shares in the company, valued at approximately $991,321.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the 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 sale, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 120,799 shares of company stock valued at $5,033,569. 39.80% of the stock is owned by insiders.

Buckle Stock Down 1.7 %

NYSE:BKE opened at $43.85 on Friday. The Buckle, Inc. has a twelve month low of $30.31 and a twelve month high of $48.15. The business has a 50 day moving average price of $41.54 and a two-hundred day moving average price of $38.96. The company has a market cap of $2.23 billion, a P/E ratio of 10.34 and a beta of 1.13.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The company 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, October 11th. Buckle’s payout ratio is presently 33.02%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. UBS Group reduced their price target on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday, August 26th.

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.