Victory Capital Management Inc. Has $25.11 Million Holdings in Buckle (BKE)

Victory Capital Management Inc. cut its stake in shares of Buckle (NYSE:BKE) by 2.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,133,604 shares of the company’s stock after selling 24,739 shares during the quarter. Victory Capital Management Inc. owned approximately 2.32% of Buckle worth $25,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. C M Bidwell & Associates Ltd. bought a new position in shares of Buckle during the fourth quarter valued at $105,000. Morris Capital Advisors LLC bought a new position in shares of Buckle during the fourth quarter valued at $234,000. Handelsbanken Fonder AB bought a new position in shares of Buckle during the fourth quarter valued at $238,000. Teacher Retirement System of Texas bought a new position in shares of Buckle during the fourth quarter valued at $255,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Buckle in the fourth quarter valued at $262,000. 65.96% of the stock is owned by institutional investors.

Shares of NYSE:BKE opened at $25.80 on Friday. Buckle has a twelve month low of $25.40 and a twelve month high of $25.75. The firm has a market capitalization of $1.26 billion, a PE ratio of 13.84 and a beta of 0.77.

Buckle (NYSE:BKE) last announced its earnings results on Friday, March 16th. The company reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.13. Buckle had a return on equity of 20.98% and a net margin of 9.82%. The company had revenue of $281.20 million during the quarter, compared to analyst estimates of $280.04 million. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. sell-side analysts predict that Buckle will post 1.82 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Friday, April 13th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.88%. Buckle’s dividend payout ratio (DPR) is presently 54.05%.

A number of analysts have recently weighed in on BKE shares. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Zacks Investment Research lowered Buckle from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, TheStreet upgraded Buckle from a “c” rating to a “b-” rating in a research note on Friday, March 16th. Two analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $18.00.

In related news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $22.70, for a total value of $45,400.00. Following the completion of the sale, the director now directly owns 32,214 shares in the company, valued at $731,257.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Kyle Hanson sold 2,553 shares of Buckle stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $20.75, for a total value of $52,974.75. Following the completion of the sale, the vice president now owns 36,900 shares of the company’s stock, valued at $765,675. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,753 shares of company stock valued at $125,615. 41.80% of the stock is currently owned by corporate insiders.

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

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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