Klein Pavlis & Peasley Financial Inc. Sells 5,800 Shares of Buckle, Inc. (The) (NYSE:BKE)

Key Points

• Klein Pavlis & Peasley Financial Inc. reduced its stake in Buckle, Inc. by 14.7%, selling 5,800 shares and owning 33,600 shares valued at approximately $1.29 million as of its latest SEC filing.
• Several institutional investors, including First Trust Advisors and Victory Capital Management, have increased their holdings in Buckle during the fourth quarter and the 1st quarter, with overall institutional ownership now at 53.93%.
• Buckle recently declared a quarterly dividend of $0.35 per share, yielding 2.8%, and reported earnings of $0.70 per share for the last quarter, exceeding analyst expectations.

Klein Pavlis & Peasley Financial Inc. decreased its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,600 shares of the company's stock after selling 5,800 shares during the quarter. Klein Pavlis & Peasley Financial Inc. owned about 0.07% of Buckle worth $1,291,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BKE. Raymond James Financial Inc. acquired a new stake in shares of Buckle in the fourth quarter valued at approximately $623,000. Sei Investments Co. increased its holdings in shares of Buckle by 12.2% in the fourth quarter. Sei Investments Co. now owns 55,161 shares of the company's stock valued at $2,803,000 after purchasing an additional 5,983 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Buckle by 20.6% in the fourth quarter. JPMorgan Chase & Co. now owns 187,911 shares of the company's stock valued at $9,548,000 after purchasing an additional 32,078 shares during the last quarter. Norges Bank acquired a new position in shares of Buckle in the fourth quarter valued at $4,909,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in shares of Buckle by 18.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 23,235 shares of the company's stock valued at $1,181,000 after purchasing an additional 3,609 shares during the last quarter. Institutional investors own 53.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd. UBS Group restated a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction on Wednesday, June 11th. The shares were 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 owned 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James E. Shada sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the transaction, the director owned 85,352 shares in the company, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,046 shares of company stock valued at $4,377,425. Insiders own 39.80% of the company's stock.

Buckle Stock Down 1.1%

Shares of BKE stock traded down $0.56 on Tuesday, reaching $50.60. The company had a trading volume of 179,148 shares, compared to its average volume of 531,428. The stock has a market capitalization of $2.59 billion, a PE ratio of 13.01 and a beta of 1.05. Buckle, Inc. has a one year low of $33.12 and a one year high of $54.25. The business's 50-day moving average is $46.13 and its 200 day moving average is $41.88.

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 business had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Buckle's dividend payout ratio (DPR) is 35.99%.

About Buckle

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.