Creative Planning Increases Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Creative Planning lifted its position in The Buckle, Inc. (NYSE:BKE) by 64.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,528 shares of the company’s stock after buying an additional 10,751 shares during the quarter. Creative Planning owned approximately 0.05% of Buckle worth $1,210,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 purchasing an additional 55,192 shares in the last quarter. Principal Financial Group Inc. raised its stake in Buckle by 1.9% in the first quarter. Principal Financial Group Inc. now owns 171,114 shares of the company’s stock valued at $6,891,000 after purchasing an additional 3,150 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Buckle by 35.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,908 shares of the company’s stock valued at $885,000 after purchasing an additional 6,245 shares in the last quarter. 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 purchasing an additional 44,850 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in shares of Buckle by 66.7% during the first quarter. Hussman Strategic Advisors Inc. now owns 52,500 shares of the company’s stock worth $2,114,000 after acquiring an additional 21,000 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $37.80, for a total value of $579,852.00. Following the transaction, the chief executive officer now owns 1,950,377 shares in the company, valued at approximately $73,724,250.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction on Monday, August 5th. The shares were sold at an average price of $37.80, for a total value of $579,852.00. Following the sale, the chief executive officer now owns 1,950,377 shares in the company, valued at $73,724,250.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction on 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 in the company, valued at approximately $3,315,029.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,718 shares of company stock worth $5,819,174. Insiders own 39.80% of the company’s stock.

Buckle Stock Performance

Shares of Buckle stock opened at $43.30 on Thursday. The Buckle, Inc. has a 52-week low of $32.16 and a 52-week high of $48.15. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.21 and a beta of 1.13. The company’s 50 day moving average price is $42.78 and its 200-day moving average price is $39.82.

Buckle (NYSE:BKE) last issued its earnings results on Friday, August 23rd. The company reported $0.78 earnings per share (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 company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.23%. The ex-dividend date was Friday, October 11th. Buckle’s dividend payout ratio is 33.02%.

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.