Vest Financial LLC Grows Stake in The Buckle, Inc. (NYSE:BKE)

Vest Financial LLC increased its holdings in The Buckle, Inc. (NYSE:BKE) by 37.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,794 shares of the company’s stock after buying an additional 8,154 shares during the period. Vest Financial LLC owned 0.06% of Buckle worth $1,101,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. TFO Wealth Partners LLC raised its holdings in shares of Buckle by 60,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock valued at $29,000 after acquiring an additional 600 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Buckle by 527.4% in the fourth quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Buckle during the first quarter valued at approximately $70,000. CWM LLC grew its stake in Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after buying an additional 1,096 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Buckle in the 4th quarter worth $103,000. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a report on Monday, August 26th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

Buckle Price Performance

Shares of NYSE BKE opened at $41.98 on Friday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 9.90 and a beta of 1.13. The Buckle, Inc. has a one year low of $30.31 and a one year high of $48.15. The firm’s 50 day simple moving average is $40.70 and its two-hundred day simple moving average is $38.84.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, October 11th. Buckle’s payout ratio is presently 33.02%.

Insiders Place Their Bets

In other news, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total transaction of $100,650.00. Following the transaction, the director now directly owns 24,623 shares of the company’s stock, valued at $991,321.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director John P. Peetz sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $40.26, for a total transaction of $100,650.00. Following the completion of the sale, the director now owns 24,623 shares of the company’s stock, valued at $991,321.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $40.33, for a total transaction of $36,297.00. Following the completion of the transaction, the chief executive officer now owns 1,949,477 shares in the company, valued at approximately $78,622,407.41. The disclosure for this sale can be found here. Insiders sold 100,346 shares of company stock valued at $4,126,478 over the last three months. Insiders own 39.80% of the company’s stock.

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.