Los Angeles Capital Management LLC Trims Stock Position in The Buckle, Inc. (NYSE:BKE)

Los Angeles Capital Management LLC cut its stake in The Buckle, Inc. (NYSE:BKE) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,240 shares of the company’s stock after selling 11,241 shares during the period. Los Angeles Capital Management LLC owned about 0.07% of Buckle worth $1,265,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKE. TFO Wealth Partners LLC raised its holdings in shares of Buckle by 60,000.0% in the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock valued at $29,000 after buying an additional 600 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Buckle by 527.4% in the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after buying an additional 828 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Buckle in the first quarter valued at about $70,000. CWM LLC raised its holdings in shares of Buckle by 119.9% in the second quarter. CWM LLC now owns 2,010 shares of the company’s stock valued at $74,000 after buying an additional 1,096 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Buckle in the fourth quarter valued at about $103,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Stock Down 2.1 %

Shares of Buckle stock opened at $41.53 on Thursday. The Buckle, Inc. has a 52-week low of $30.31 and a 52-week high of $48.15. The company’s 50-day simple moving average is $40.58 and its 200-day simple moving average is $38.81. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 9.79 and a beta of 1.13.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.37%. Buckle’s dividend payout ratio (DPR) is 33.02%.

Insider Transactions at Buckle

In other news, Director John P. Peetz sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $40.26, for a total transaction of $100,650.00. Following the transaction, the director now directly owns 24,623 shares in the company, valued at $991,321.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Dennis H. Nelson sold 900 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total transaction of $36,297.00. Following the transaction, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total transaction of $100,650.00. Following the transaction, the director now owns 24,623 shares in the company, valued at $991,321.98. The disclosure for this sale can be found here. Insiders have sold a total of 79,893 shares of company stock worth $3,271,952 over the last ninety days. 39.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group reduced their target price on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a report on Monday, August 26th.

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.