Intech Investment Management LLC Buys Shares of 25,607 The Buckle, Inc. (NYSE:BKE)

Intech Investment Management LLC purchased a new stake in The Buckle, Inc. (NYSE:BKE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,607 shares of the company’s stock, valued at approximately $1,126,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Buckle by 4.5% during the second quarter. Pacer Advisors Inc. now owns 2,100,398 shares of the company’s stock valued at $77,589,000 after purchasing an additional 90,190 shares during the period. American Century Companies Inc. boosted its position in shares of Buckle by 14.0% during the second 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. Impala Asset Management LLC grew its holdings in shares of Buckle by 27.4% in the 2nd quarter. Impala Asset Management LLC now owns 254,727 shares of the company’s stock valued at $9,410,000 after buying an additional 54,727 shares during the period. Denali Advisors LLC increased its position in shares of Buckle by 37.2% in the 2nd quarter. Denali Advisors LLC now owns 156,928 shares of the company’s stock valued at $5,797,000 after buying an additional 42,578 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its stake in Buckle by 60.0% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the company’s stock worth $3,103,000 after buying an additional 31,500 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business’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 transaction of $854,526.34. Following the transaction, the chief executive officer now owns 1,904,358 shares of the company’s stock, valued at $79,564,077.24. The trade was a 1.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Karen B. Rhoads sold 9,500 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $51.63, for a total transaction of $490,485.00. Following the completion of the transaction, the director now directly owns 214,089 shares of the company’s stock, valued at $11,053,415.07. This represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,765 shares of company stock worth $5,524,118 over the last ninety days. Insiders own 39.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Buckle from a “hold” rating to a “buy” rating in a report on Monday, November 18th. UBS Group raised Buckle from a “sell” rating to a “neutral” rating and increased their target price for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Buckle Trading Down 1.0 %

BKE opened at $51.27 on Thursday. The stock has a market capitalization of $2.60 billion, a P/E ratio of 13.00 and a beta of 1.14. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $52.17. The firm’s fifty day simple moving average is $44.46 and its 200 day simple moving average is $41.07.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.01). The firm had revenue of $293.60 million during the quarter, compared to the consensus estimate of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid 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 2.73%. Buckle’s dividend payout ratio is currently 35.53%.

Buckle 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.