Pacer Advisors Inc. Reduces Holdings in Buckle, Inc. (The) $BKE

Pacer Advisors Inc. decreased its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 152,393 shares of the company’s stock after selling 12,237 shares during the period. Pacer Advisors Inc. owned approximately 0.30% of Buckle worth $8,141,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. Miller Capital Partners Inc. purchased a new position in shares of Buckle during the 4th quarter worth approximately $37,000. Hantz Financial Services Inc. grew its holdings in shares of Buckle by 51.6% during the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after acquiring an additional 239 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares in the last quarter. Finally, Quarry LP bought a new position in shares of Buckle in the 3rd quarter worth approximately $65,000. 53.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on BKE. Weiss Ratings lowered Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. UBS Group lowered their price objective on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $47.00.

Buckle Trading Down 0.2%

Shares of NYSE BKE opened at $45.06 on Monday. Buckle, Inc. has a 12-month low of $42.65 and a 12-month high of $61.69. The firm has a 50 day moving average of $49.87 and a 200 day moving average of $51.75. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 10.34 and a beta of 1.08.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The company had revenue of $288.74 million during the quarter, compared to analyst estimates of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Buckle’s dividend payout ratio is presently 32.11%.

Insider Activity at Buckle

In other news, SVP Michelle Hoffman sold 16,200 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $54.80, for a total transaction of $887,760.00. Following the sale, the senior vice president directly owned 29,682 shares in the company, valued at approximately $1,626,573.60. This represents a 35.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kari G. Smith sold 30,000 shares of the stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $54.57, for a total transaction of $1,637,100.00. Following the completion of the transaction, the executive vice president directly owned 83,814 shares of the company’s stock, valued at approximately $4,573,729.98. The trade was a 26.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,700 shares of company stock valued at $2,635,960 over the last 90 days. 39.80% of the stock is owned by corporate insiders.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.