TD Asset Management Inc Decreases Stock Position in The Buckle, Inc. (NYSE:BKE)

TD Asset Management Inc cut its holdings in The Buckle, Inc. (NYSE:BKE) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,400 shares of the company’s stock after selling 2,600 shares during the quarter. TD Asset Management Inc owned about 0.09% of Buckle worth $1,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers raised its stake in Buckle by 0.9% in the second quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock valued at $3,712,000 after buying an additional 937 shares during the last quarter. Hussman Strategic Advisors Inc. raised its stake in shares of Buckle by 60.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $3,103,000 after purchasing an additional 31,500 shares during the last quarter. nVerses Capital LLC raised its stake in shares of Buckle by 2,350.0% in the second quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after purchasing an additional 4,700 shares during the last quarter. Wealth Alliance Advisory Group LLC raised its stake in shares of Buckle by 228.7% in the second quarter. Wealth Alliance Advisory Group LLC now owns 30,900 shares of the company’s stock worth $1,141,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Klein Pavlis & Peasley Financial Inc. raised its stake in shares of Buckle by 5.3% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 39,700 shares of the company’s stock worth $1,467,000 after purchasing an additional 2,000 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Up 4.8 %

Buckle stock opened at $43.97 on Friday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 10.37 and a beta of 1.13. The Buckle, Inc. has a 52 week low of $30.31 and a 52 week high of $48.15. The business’s 50-day moving average price is $40.85 and its 200 day moving average price is $38.86.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is 33.02%.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total transaction of $854,526.34. Following the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total value of $854,526.34. Following the sale, the chief executive officer now directly owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 15,340 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $37.80, for a total value of $579,852.00. Following the completion of the sale, the chief executive officer now directly owns 1,950,377 shares in the company, valued at $73,724,250.60. The disclosure for this sale can be found here. Insiders have sold a total of 100,346 shares of company stock valued at $4,126,478 over the last ninety days. Company insiders own 39.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group reduced their price objective on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note 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.