Baron Wealth Management LLC Acquires New Holdings in Buckle, Inc. (The) $BKE

Key Points

• Baron Wealth Management LLC has acquired a new position in Buckle, Inc. worth approximately $284,000, buying 6,254 shares during the second quarter.
• Insider transactions revealed that Director James E. Shada and EVP Kari G. Smith sold 20,000 shares each, significantly reducing their holdings.
• Buckle recently declared a quarterly dividend of $0.35, with a dividend yield of 2.3%, to be paid on October 29th to stockholders of record.

Baron Wealth Management LLC bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,254 shares of the company's stock, valued at approximately $284,000.

A number of other institutional investors have also modified their holdings of BKE. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after purchasing an additional 617 shares in the last quarter. State of Wyoming purchased a new position in shares of Buckle in the fourth quarter valued at $111,000. Viking Fund Management LLC acquired a new position in shares of Buckle in the 1st quarter valued at about $115,000. Novem Group acquired a new position in shares of Buckle in the 4th quarter valued at approximately $227,000. Finally, Aigen Investment Management LP acquired a new position in shares of Buckle during the first quarter valued at $232,000. 53.93% of the stock is currently owned by institutional investors.

Insider Transactions at Buckle

In related news, Director James E. Shada sold 20,000 shares of Buckle stock in a transaction on Friday, September 5th. The shares were sold at an average price of $59.49, for a total value of $1,189,800.00. Following the completion of the sale, the director owned 55,352 shares in the company, valued at approximately $3,292,890.48. The trade was a 26.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Peetz sold 1,500 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total transaction of $83,610.00. Following the sale, the director directly owned 23,623 shares in the company, valued at $1,316,746.02. This trade represents a 5.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,500 shares of company stock worth $3,320,030 over the last ninety days. 39.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKE. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a report on Saturday, September 6th. UBS Group boosted their price objective on Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $54.00.

Buckle Stock Down 0.5%

BKE stock traded down $0.32 during mid-day trading on Friday, hitting $60.85. The company had a trading volume of 1,573,368 shares, compared to its average volume of 559,146. The company has a 50-day moving average price of $54.52 and a 200 day moving average price of $44.98. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 15.21 and a beta of 1.02.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm had revenue of $305.74 million during the quarter, compared to analysts' expectations of $292.61 million. During the same quarter last year, the company posted $0.78 earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle's dividend payout ratio (DPR) is currently 35.00%.

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.