Buckle, Inc. (The) $BKE Shares Sold by Aviva PLC

Aviva PLC decreased its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 28.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,952 shares of the company’s stock after selling 4,439 shares during the period. Aviva PLC’s holdings in Buckle were worth $497,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. grew its stake in shares of Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. IFP Advisors Inc boosted its holdings in Buckle by 12.5% in the second quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock valued at $110,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC grew its stake in Buckle by 62.4% during the 2nd quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock valued at $116,000 after purchasing an additional 984 shares in the last quarter. GAMMA Investing LLC grew its stake in Buckle by 546.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,134 shares of the company’s stock valued at $142,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Buckle during the 2nd quarter worth approximately $215,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In related news, SVP Brett P. Milkie sold 6,000 shares of Buckle stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $60.17, for a total transaction of $361,020.00. Following the sale, the senior vice president directly owned 89,570 shares in the company, valued at $5,389,426.90. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kari G. Smith sold 20,000 shares of the business’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $59.36, for a total value of $1,187,200.00. Following the completion of the sale, the executive vice president directly owned 150,354 shares in the company, valued at $8,925,013.44. This represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 47,500 shares of company stock valued at $2,821,630 in the last ninety days. Company insiders own 39.00% of the company’s stock.

Buckle Stock Down 0.5%

BKE opened at $56.12 on Friday. The company’s 50-day moving average price is $57.19 and its 200 day moving average price is $50.33. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 14.03 and a beta of 1.12.

Buckle (NYSE:BKE) last posted 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. The company had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, October 15th. Buckle’s dividend payout ratio (DPR) is 35.00%.

Analyst Ratings Changes

BKE has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of Buckle from $54.00 to $55.00 and gave the company a “neutral” rating in a report on Monday. Finally, Wall Street Zen raised shares of 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, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.00.

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.