Moran Wealth Management LLC Has $3.93 Million Holdings in The Buckle, Inc. (NYSE:BKE)

Moran Wealth Management LLC lifted its position in shares of The Buckle, Inc. (NYSE:BKE) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,258 shares of the company’s stock after buying an additional 821 shares during the quarter. Moran Wealth Management LLC owned about 0.15% of Buckle worth $3,925,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BKE. SBI Securities Co. Ltd. acquired a new stake in shares of Buckle during the fourth quarter worth $31,000. Quarry LP increased its position in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock worth $41,000 after buying an additional 355 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock worth $42,000 after buying an additional 601 shares during the period. Blue Trust Inc. increased its position in shares of Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock worth $70,000 after buying an additional 585 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Buckle during the third quarter worth $86,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the transaction, the chief executive officer now directly owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. This trade represents a 1.16 % 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, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $51.70, for a total transaction of $129,250.00. Following the completion of the transaction, the director now directly owns 22,123 shares in the company, 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. Over the last ninety days, insiders sold 99,882 shares of company stock worth $4,575,653. 39.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on BKE. StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group upgraded shares of Buckle from a “sell” rating to a “neutral” rating and raised their price target for the stock from $31.00 to $46.00 in a report on Tuesday, November 12th.

Buckle Trading Down 0.2 %

NYSE:BKE opened at $38.28 on Tuesday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 9.72 and a beta of 1.17. The firm has a fifty day simple moving average of $45.42 and a two-hundred day simple moving average of $45.80. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $54.25.

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.