Pacer Advisors Inc. Reduces Stock Holdings in Buckle, Inc. (The) (NYSE:BKE)

Key Points

• Pacer Advisors Inc. has reduced its stake in Buckle, Inc. by 68.1%, now holding approximately 388,467 shares valued at $14.89 million as of its latest SEC filing.
• Insider transactions included Director James E. Shada selling 10,000 shares for around $498,400, while CEO Dennis H. Nelson sold 20,453 shares for approximately $890,114.
• Buckle reported a quarterly earnings per share of $0.70, exceeding estimates, with revenue of $272.12 million, marking a 3.7% increase year-over-year.

Pacer Advisors Inc. lessened its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 68.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 388,467 shares of the company's stock after selling 827,445 shares during the quarter. Pacer Advisors Inc. owned 0.76% of Buckle worth $14,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Caption Management LLC bought a new position in Buckle in the 4th quarter worth about $36,000. Bellwether Advisors LLC bought a new position in Buckle in the 4th quarter worth about $43,000. State of Wyoming bought a new stake in shares of Buckle during the 4th quarter valued at about $111,000. Viking Fund Management LLC bought a new stake in shares of Buckle during the 1st quarter valued at about $115,000. Finally, Novem Group bought a new stake in shares of Buckle during the 4th quarter valued at about $227,000. Institutional investors own 53.93% of the company's stock.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 43,915 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $39.72, for a total value of $1,744,303.80. Following the completion of the transaction, the chief executive officer directly owned 1,706,335 shares of the company's stock, valued at approximately $67,775,626.20. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Shada sold 10,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total value of $498,400.00. Following the completion of the transaction, the director directly owned 85,352 shares of the company's stock, valued at approximately $4,253,943.68. The trade was a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 105,046 shares of company stock worth $4,377,425 over the last 90 days. 39.80% of the stock is currently owned by company insiders.

Buckle Stock Down 0.3%

BKE traded down $0.16 during midday trading on Wednesday, reaching $49.30. The company had a trading volume of 42,292 shares, compared to its average volume of 533,112. The business has a 50-day moving average of $45.43 and a two-hundred day moving average of $41.92. The company has a market cap of $2.52 billion, a P/E ratio of 12.69 and a beta of 1.03. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $54.25.

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

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.35 per share. The ex-dividend date was Tuesday, July 15th. This represents a $1.40 annualized dividend and a yield of 2.84%. Buckle's payout ratio is currently 35.99%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

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.