Pacer Advisors Inc. Reduces Stock Position in The Buckle, Inc. (NYSE:BKE)

Pacer Advisors Inc. lessened its stake in The Buckle, Inc. (NYSE:BKE) by 27.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,215,912 shares of the company’s stock after selling 458,128 shares during the period. Pacer Advisors Inc. owned approximately 2.39% of Buckle worth $61,780,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Impala Asset Management LLC grew its holdings in shares of Buckle by 43.3% in the third quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock worth $16,049,000 after acquiring an additional 110,273 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Buckle during the 3rd quarter valued at about $691,000. Geode Capital Management LLC grew its stake in shares of Buckle by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 799,078 shares of the company’s stock valued at $35,142,000 after purchasing an additional 36,472 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Buckle during the 3rd quarter valued at about $1,629,000. Finally, WealthPlan Investment Management LLC bought a new position in shares of Buckle in the 3rd quarter worth approximately $473,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Down 1.6 %

BKE stock opened at $47.07 on Tuesday. The business’s 50-day moving average price is $50.65 and its 200-day moving average price is $45.39. The stock has a market cap of $2.39 billion, a P/E ratio of 11.95 and a beta of 1.15. The Buckle, Inc. has a twelve month low of $34.87 and a twelve month high of $54.25.

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

Buckle Cuts Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th will be paid a $2.50 dividend. The ex-dividend date is Wednesday, January 15th. This represents a yield of 2.6%. Buckle’s payout ratio is presently 35.53%.

Analysts Set New Price Targets

A number of brokerages have commented on BKE. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, January 3rd. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $31.00 to $46.00 in a research note on Tuesday, November 12th.

Insider Buying and Selling at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $53.18, for a total value of $1,087,690.54. Following the sale, the chief executive officer now directly owns 1,781,640 shares in the company, valued at approximately $94,747,615.20. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kari G. Smith sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $52.29, for a total value of $1,045,800.00. Following the transaction, the executive vice president now owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,042 shares of company stock valued at $5,747,200 over the last ninety days. 39.80% of the stock is currently owned by company insiders.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.