Louisiana State Employees Retirement System Has $638,000 Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Louisiana State Employees Retirement System trimmed its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Buckle by 0.6% during the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company’s stock worth $173,638,000 after purchasing an additional 24,051 shares during the period. Pacer Advisors Inc. lifted its holdings in Buckle by 4.5% in the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after buying an additional 90,190 shares during the period. Dimensional Fund Advisors LP increased its stake in Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company’s stock valued at $49,566,000 after purchasing an additional 29,349 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Buckle by 2.2% during the second quarter. Victory Capital Management Inc. now owns 736,132 shares of the company’s stock worth $27,193,000 after acquiring an additional 16,077 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company’s stock worth $26,452,000 after purchasing an additional 87,690 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BKE has been the topic of a number of research analyst reports. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group lowered their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating on the stock in a research report on Monday, August 26th.

Insider Activity

In other news, SVP Brett P. Milkie sold 16,000 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at $3,315,029.50. The trade was 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 the SEC website. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total transaction of $854,526.34. Following the completion of the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at approximately $79,564,077.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brett P. Milkie sold 16,000 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 80,170 shares of the company’s stock, valued at approximately $3,315,029.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,931 shares of company stock valued at $6,080,458 over the last three months. Insiders own 39.80% of the company’s stock.

Buckle Stock Up 2.9 %

Shares of NYSE:BKE opened at $44.18 on Wednesday. The company’s fifty day moving average is $42.78 and its 200 day moving average is $39.97. The Buckle, Inc. has a 52 week low of $32.16 and a 52 week high of $48.15. The stock has a market cap of $2.24 billion, a PE ratio of 10.78 and a beta of 1.14.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%. The firm had revenue of $282.39 million for the quarter.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders 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 dividend yield of 3.17%. Buckle’s payout ratio is 34.15%.

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.