Blue Trust Inc. Has $35,000 Position in The Buckle, Inc. (NYSE:BKE)

Blue Trust Inc. grew its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 789 shares of the company’s stock after acquiring an additional 270 shares during the period. Blue Trust Inc.’s holdings in Buckle were worth $35,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BKE. EntryPoint Capital LLC acquired a new stake in Buckle during the 1st quarter worth about $70,000. CWM LLC grew its holdings in Buckle by 119.9% during the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares during the period. Gladius Capital Management LP grew its holdings in Buckle by 217.4% during the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after acquiring an additional 2,024 shares during the period. nVerses Capital LLC grew its holdings in Buckle by 2,350.0% during the 2nd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after acquiring an additional 4,700 shares during the period. Finally, JLB & Associates Inc. acquired a new stake in Buckle during the 3rd quarter worth about $220,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Price Performance

Shares of BKE opened at $42.18 on Friday. The stock has a 50-day moving average of $42.77 and a 200-day moving average of $39.88. The company has a market cap of $2.14 billion, a PE ratio of 10.29 and a beta of 1.13. The Buckle, Inc. has a one year low of $32.16 and a one year high of $48.15.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 23rd. The company reported $0.78 EPS for the quarter. The firm 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 declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.32%. Buckle’s dividend payout ratio (DPR) is currently 34.15%.

Insider Activity at Buckle

In other Buckle 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 transaction of $579,852.00. Following the transaction, the chief executive officer now directly owns 1,950,377 shares of the company’s stock, valued at $73,724,250.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $44.35, for a total transaction of $907,090.55. Following the transaction, the chief executive officer now directly owns 1,883,905 shares of the company’s stock, valued at $83,551,186.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $37.80, for a total transaction of $579,852.00. Following the transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 138,718 shares of company stock valued at $5,819,174. 39.80% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on BKE shares. UBS Group reduced their target price on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th. StockNews.com downgraded 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.