The Buckle, Inc. (NYSE:BKE) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 13.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,041 shares of the company’s stock after selling 2,053 shares during the period. Hancock Whitney Corp’s holdings in Buckle were worth $482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of BKE. TFO Wealth Partners LLC raised its position 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 worth $29,000 after purchasing an additional 600 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of Buckle by 527.4% in the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after acquiring an additional 828 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Buckle during the first quarter valued at $70,000. CWM LLC boosted its stake in shares of Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after acquiring an additional 1,096 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Buckle during the fourth quarter worth about $103,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Trading Down 1.2 %

Shares of BKE stock opened at $43.32 on Tuesday. The firm has a fifty day simple moving average of $41.63 and a 200-day simple moving average of $38.99. The company has a market capitalization of $2.20 billion, a PE ratio of 10.22 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 (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 announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s payout ratio is 33.02%.

Insider Activity

In related news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total value of $907,090.55. Following the sale, the chief executive officer now directly owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total transaction of $907,090.55. Following the sale, the chief executive officer now owns 1,883,905 shares in the company, valued at $83,551,186.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Peetz sold 2,500 shares of Buckle stock in a transaction that occurred 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 completion of the transaction, the director now owns 24,623 shares of the company’s stock, 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 worth $5,033,569. 39.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKE. 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 downgraded Buckle from a “buy” rating to a “hold” rating in a report 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.