The Buckle, Inc. (NYSE:BKE) Holdings Trimmed by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of The Buckle, Inc. (NYSE:BKE) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 587,173 shares of the company’s stock after selling 26,972 shares during the quarter. Victory Capital Management Inc. owned 1.16% of Buckle worth $29,834,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp boosted its stake in Buckle by 5.7% during the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after purchasing an additional 69,258 shares during the period. Geode Capital Management LLC boosted its position in shares of Buckle by 4.8% in 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. Impala Asset Management LLC boosted its position in shares of Buckle by 43.3% in the 3rd quarter. Impala Asset Management LLC now owns 365,000 shares of the company’s stock valued at $16,049,000 after purchasing an additional 110,273 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Buckle by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company’s stock valued at $8,213,000 after purchasing an additional 6,000 shares during the period. Institutional investors own 53.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kari G. Smith sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total transaction of $1,045,800.00. Following the completion of the sale, the executive vice president now directly owns 150,554 shares of the company’s stock, valued at $7,872,468.66. This trade represents a 11.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.70, for a total value of $129,250.00. Following the sale, the director now directly owns 22,123 shares of the company’s stock, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 119,882 shares of company stock worth $5,621,453. 39.80% of the stock is currently owned by company insiders.

Buckle Trading Up 1.3 %

Shares of NYSE BKE opened at $38.33 on Monday. The Buckle, Inc. has a one year low of $34.87 and a one year high of $54.25. The firm has a market capitalization of $1.95 billion, a PE ratio of 9.73 and a beta of 1.17. The business has a 50-day moving average price of $45.68 and a two-hundred day moving average price of $45.82.

Buckle Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BKE shares. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and increased their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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.