Vident Investment Advisory LLC acquired a new stake in shares of Buckle Inc (NYSE:BKE) in the second quarter, HoldingsChannel.com reports. The firm acquired 8,571 shares of the company’s stock, valued at approximately $231,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKE. American Century Companies Inc. bought a new stake in shares of Buckle in the 1st quarter valued at about $2,561,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Buckle by 6.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 518,761 shares of the company’s stock valued at $11,491,000 after purchasing an additional 32,855 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Buckle by 1.0% in the 1st quarter. BlackRock Inc. now owns 3,640,037 shares of the company’s stock valued at $80,628,000 after purchasing an additional 36,599 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Buckle by 43.1% in the 1st quarter. Federated Investors Inc. PA now owns 201,968 shares of the company’s stock valued at $4,474,000 after purchasing an additional 60,822 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in shares of Buckle by 74.0% in the 1st quarter. New York State Common Retirement Fund now owns 57,597 shares of the company’s stock valued at $1,276,000 after purchasing an additional 24,497 shares in the last quarter. Institutional investors own 69.96% of the company’s stock.

NYSE:BKE opened at $22.80 on Tuesday. Buckle Inc has a one year low of $15.10 and a one year high of $29.65. The stock has a market capitalization of $1.11 billion, a PE ratio of 11.47 and a beta of 0.63.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 24th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Buckle had a net margin of 10.53% and a return on equity of 23.39%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $201.82 million. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. sell-side analysts expect that Buckle Inc will post 1.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 4.39%. Buckle’s dividend payout ratio (DPR) is presently 54.05%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a report on Monday, August 13th. ValuEngine lowered shares of Buckle from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st.

In related news, Director Michael E. Huss sold 1,688 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $22.63, for a total transaction of $38,199.44. Following the completion of the transaction, the director now owns 17,062 shares in the company, valued at approximately $386,113.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Diane L. Applegate sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $22.50, for a total transaction of $90,000.00. Following the transaction, the vice president now owns 27,500 shares of the company’s stock, valued at approximately $618,750. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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