Victory Capital Management Inc. Has $24.75 Million Stock Holdings in Buckle, Inc. (The) (NYSE:BKE)

Victory Capital Management Inc. grew its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 645,958 shares of the company's stock after purchasing an additional 58,785 shares during the period. Victory Capital Management Inc. owned about 1.26% of Buckle worth $24,753,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Balyasny Asset Management L.P. boosted its position in Buckle by 515.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company's stock worth $14,987,000 after purchasing an additional 247,019 shares during the period. Nuveen Asset Management LLC boosted its position in Buckle by 180.6% during the fourth quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company's stock worth $14,466,000 after purchasing an additional 183,257 shares during the period. First Trust Advisors LP boosted its position in Buckle by 9.0% during the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock worth $84,518,000 after purchasing an additional 137,972 shares during the period. American Century Companies Inc. boosted its position in Buckle by 12.0% during the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock worth $47,636,000 after purchasing an additional 100,173 shares during the period. Finally, Norges Bank bought a new stake in Buckle during the fourth quarter worth approximately $4,909,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total value of $890,114.56. Following the completion of the sale, the chief executive officer directly owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 95,046 shares of company stock valued at $3,879,025 in the last three months. Company insiders own 39.00% of the company's stock.

Analyst Ratings Changes

BKE has been the subject of several research reports. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reissued a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th.

Buckle Stock Down 0.6%

BKE traded down $0.31 during trading on Thursday, reaching $49.84. 102,959 shares of the company's stock were exchanged, compared to its average volume of 536,837. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The business has a 50 day moving average price of $44.56 and a 200 day moving average price of $41.95. The company has a market capitalization of $2.55 billion, a P/E ratio of 12.80 and a beta of 1.03.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.05. The company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The business's revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $0.70 earnings per share.

Buckle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Buckle's dividend payout ratio (DPR) is presently 35.99%.

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