The Buckle, Inc. (NYSE:BKE) Shares Sold by Summit Global Investments

Summit Global Investments cut its stake in The Buckle, Inc. (NYSE:BKE) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 23,728 shares of the company’s stock after selling 804 shares during the quarter. Summit Global Investments’ holdings in Buckle were worth $1,043,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Buckle by 52.0% during the 3rd quarter. Blue Trust Inc. now owns 789 shares of the company’s stock valued at $35,000 after buying an additional 270 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Buckle during the first quarter valued at approximately $70,000. CWM LLC lifted its position in shares of Buckle by 119.9% during the second quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after purchasing an additional 1,096 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Buckle by 38.7% in the third quarter. Signaturefd LLC now owns 2,236 shares of the company’s stock valued at $98,000 after purchasing an additional 624 shares during the period. Finally, Gladius Capital Management LP grew its holdings in Buckle by 217.4% during the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock valued at $109,000 after purchasing an additional 2,024 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Price Performance

BKE opened at $45.28 on Friday. The Buckle, Inc. has a 12-month low of $32.16 and a 12-month high of $48.15. The stock has a market capitalization of $2.30 billion, a PE ratio of 11.04 and a beta of 1.14. The firm’s fifty day moving average price is $43.02 and its 200 day moving average price is $40.18.

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

Buckle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.35 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.09%. Buckle’s payout ratio is 34.15%.

Analyst Ratings Changes

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

Insider Activity

In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the transaction, the senior vice president now 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 SEC, which is available through this link. In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $41.35, for a total value of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares of the company’s stock, valued at $3,315,029.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total value of $1,046,825.04. Following the transaction, the chief executive officer now directly owns 1,924,811 shares of the company’s stock, valued at $81,688,978.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 142,931 shares of company stock worth $6,080,458. 39.80% of the stock is currently owned by insiders.

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.