Buckle, Inc. (The) (NYSE:BKE) Shares Sold by Vestcor Inc

Vestcor Inc lessened its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 18.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,400 shares of the company's stock after selling 18,256 shares during the quarter. Vestcor Inc owned about 0.16% of Buckle worth $3,119,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Buckle by 9.0% in the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock valued at $84,518,000 after acquiring an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Buckle by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company's stock worth $68,957,000 after buying an additional 10,178 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Buckle by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 815,688 shares of the company's stock worth $41,454,000 after buying an additional 16,610 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Buckle by 10.0% during the first quarter. Victory Capital Management Inc. now owns 645,958 shares of the company's stock worth $24,753,000 after buying an additional 58,785 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Buckle by 6.3% during the fourth quarter. Northern Trust Corp now owns 385,627 shares of the company's stock worth $19,594,000 after buying an additional 23,002 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Buckle Trading Down 0.3%

Buckle stock traded down $0.14 during midday trading on Friday, hitting $49.23. 395,914 shares of the stock were exchanged, compared to its average volume of 534,470. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $54.25. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.66 and a beta of 1.03. The stock's 50-day simple moving average is $45.77 and its 200 day simple moving average is $41.96.

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

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th were paid a $0.35 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. Buckle's payout ratio is currently 35.99%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th.

Insider Buying and Selling

In other news, CEO Dennis H. Nelson sold 43,915 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $39.72, for a total transaction of $1,744,303.80. Following the completion of the sale, the chief executive officer owned 1,706,335 shares in the company, valued at approximately $67,775,626.20. The trade was a 2.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James E. Shada sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total transaction of $498,400.00. Following the sale, the director owned 85,352 shares of the company's stock, valued at $4,253,943.68. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,046 shares of company stock valued at $4,377,425 in the last quarter. 39.00% of the stock is owned by insiders.

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.