IFP Advisors Inc Has $110,000 Stock Position in Buckle, Inc. (The) $BKE

IFP Advisors Inc lifted its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 12.5% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,431 shares of the company’s stock after buying an additional 270 shares during the period. IFP Advisors Inc’s holdings in Buckle were worth $110,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. increased its holdings in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Signaturefd LLC increased its holdings in Buckle by 62.4% in the 2nd quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock worth $116,000 after purchasing an additional 984 shares in the last quarter. GAMMA Investing LLC increased its holdings in Buckle by 546.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,134 shares of the company’s stock worth $142,000 after purchasing an additional 2,649 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Buckle in the 2nd quarter worth about $215,000. Finally, JLB & Associates Inc. acquired a new position in Buckle in the 2nd quarter worth about $227,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. UBS Group upped their target price on Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle has a consensus rating of “Hold” and an average target price of $54.00.

Buckle Trading Up 0.9%

NYSE BKE opened at $54.36 on Friday. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $61.69. The business’s 50-day moving average price is $57.40 and its two-hundred day moving average price is $47.58. The firm has a market capitalization of $2.78 billion, a PE ratio of 13.59 and a beta of 1.06.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The company had revenue of $305.74 million for the quarter, compared to analyst estimates of $292.61 million. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Buckle’s dividend payout ratio is presently 35.00%.

Insiders Place Their Bets

In related news, Director John P. Peetz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total transaction of $83,610.00. Following the sale, the director owned 23,623 shares in the company, valued at $1,316,746.02. This represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brett P. Milkie sold 6,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $60.17, for a total value of $361,020.00. Following the sale, the senior vice president owned 89,570 shares in the company, valued at approximately $5,389,426.90. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $3,320,030 in the last quarter. 39.00% of the stock is currently owned by company insiders.

Buckle 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.