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Vest Financial LLC Sells 9,308 Shares of The Buckle, Inc. (NYSE:BKE)

Buckle logo with Retail/Wholesale background

Vest Financial LLC cut its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,743 shares of the company's stock after selling 9,308 shares during the period. Vest Financial LLC owned approximately 0.08% of Buckle worth $1,485,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of Buckle by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after acquiring an additional 69,258 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Buckle in the fourth quarter valued at approximately $31,000. Price T Rowe Associates Inc. MD increased its stake in Buckle by 21.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after purchasing an additional 2,127 shares in the last quarter. Entropy Technologies LP acquired a new stake in Buckle in the fourth quarter worth $380,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after purchasing an additional 571 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Buckle Trading Down 0.1%

Shares of BKE stock traded down $0.03 during trading hours on Wednesday, hitting $43.66. 193,233 shares of the company were exchanged, compared to its average volume of 471,994. The Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25. The business has a 50 day moving average of $38.11 and a two-hundred day moving average of $43.11. The company has a market capitalization of $2.23 billion, a PE ratio of 11.07 and a beta of 1.03.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm had revenue of $272.12 million for the quarter, compared to the consensus estimate of $264.28 million. During the same quarter last year, the business posted $0.70 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders 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 annualized dividend and a yield of 3.21%. Buckle's payout ratio is currently 35.99%.

Wall Street Analyst Weigh In

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

View Our Latest Analysis on BKE

Insiders Place Their Bets

In related news, CEO Dennis H. Nelson sold 2,320 shares of Buckle stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $36.31, for a total value of $84,239.20. Following the sale, the chief executive officer now owns 1,743,375 shares of the company's stock, valued at approximately $63,301,946.25. The trade was a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 94,358 shares of company stock valued at $3,706,836 in the last three months. 39.00% of the stock is currently owned by corporate insiders.

About Buckle

(Free Report)

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.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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