Louisiana State Employees Retirement System Sells 400 Shares of The Buckle, Inc. (NYSE:BKE)

Louisiana State Employees Retirement System reduced its stake in The Buckle, Inc. (NYSE:BKE) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,500 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Buckle were worth $638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BKE. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Buckle by 35.4% in the 1st 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 during the period. BNP Paribas Financial Markets boosted its holdings in shares of Buckle by 67.9% in the 1st quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock worth $4,465,000 after acquiring an additional 44,850 shares in the last quarter. Duality Advisers LP acquired a new position in shares of Buckle in the 1st quarter worth approximately $999,000. SG Americas Securities LLC boosted its holdings in shares of Buckle by 410.9% in the 1st quarter. SG Americas Securities LLC now owns 12,200 shares of the company’s stock worth $491,000 after acquiring an additional 9,812 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Buckle by 11.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 18,225 shares of the company’s stock worth $734,000 after acquiring an additional 1,933 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group reduced their target price on Buckle from $32.00 to $31.00 and set a “sell” rating on the stock 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 Stock Performance

NYSE:BKE opened at $44.18 on Wednesday. The stock’s fifty day moving average price is $42.78 and its two-hundred day moving average price is $39.97. The Buckle, Inc. has a 52-week low of $32.16 and a 52-week high of $48.15. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 10.78 and a beta of 1.14.

Buckle (NYSE:BKE) last issued its earnings results 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 net margin of 16.69% and a return on equity of 46.17%.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Friday, October 11th. Buckle’s payout ratio is 34.15%.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Dennis H. Nelson sold 24,666 shares of the company’s 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 $81,688,978.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brett P. Milkie sold 16,000 shares of the company’s 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 of the company’s stock, valued at approximately $3,315,029.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 142,931 shares of company stock worth $6,080,458. Insiders own 39.80% of the company’s stock.

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.