Victory Capital Management Inc. Trims Stock Position in Buckle, Inc. (The) $BKE

Victory Capital Management Inc. reduced its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 11.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 625,743 shares of the company’s stock after selling 78,851 shares during the quarter. Victory Capital Management Inc. owned 1.22% of Buckle worth $36,706,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BKE. Hantz Financial Services Inc. grew its stake in shares of Buckle by 81.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after purchasing an additional 208 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares in the last quarter. Allworth Financial LP boosted its holdings in Buckle by 1,652.3% during the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after buying an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Buckle by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after buying an additional 592 shares during the period. Finally, SBI Securities Co. Ltd. increased its holdings in Buckle by 64.9% in the second quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock valued at $45,000 after buying an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

BKE has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, January 21st. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.00.

Buckle Price Performance

Shares of BKE stock opened at $50.94 on Monday. The firm has a market cap of $2.61 billion, a PE ratio of 12.49 and a beta of 1.17. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69. The company has a 50-day moving average of $52.65 and a two-hundred day moving average of $55.32.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.