Versor Investments LP Sells 32,041 Shares of Buckle, Inc. (The) $BKE

Versor Investments LP decreased its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 68.5% during the 2nd quarter, Holdings Channel reports. The firm owned 14,759 shares of the company’s stock after selling 32,041 shares during the quarter. Versor Investments LP’s holdings in Buckle were worth $669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares in the last quarter. IFP Advisors Inc raised its stake in Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock worth $110,000 after buying an additional 270 shares during the period. Signaturefd LLC raised its stake in Buckle by 62.4% during the 2nd quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock worth $116,000 after buying an additional 984 shares during the period. GAMMA Investing LLC raised its stake in Buckle by 546.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,134 shares of the company’s stock worth $142,000 after buying an additional 2,649 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Buckle during the 2nd quarter worth approximately $215,000. Institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BKE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, October 8th. UBS Group upped their price target on Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Buckle currently has a consensus rating of “Hold” and an average target price of $54.00.

Buckle Stock Performance

Shares of BKE opened at $55.15 on Tuesday. The stock has a 50 day moving average price of $57.28 and a two-hundred day moving average price of $49.31. The firm has a market capitalization of $2.82 billion, a P/E ratio of 13.79 and a beta of 1.06. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The firm had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, October 15th. Buckle’s payout ratio is currently 35.00%.

Insider Buying and Selling

In other news, EVP Kari G. Smith sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $59.36, for a total value of $1,187,200.00. Following the completion of the transaction, the executive vice president directly owned 150,354 shares of the company’s stock, valued at $8,925,013.44. This represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James E. Shada sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $59.49, for a total value of $1,189,800.00. Following the completion of the transaction, the director directly owned 55,352 shares of the company’s stock, valued at approximately $3,292,890.48. This represents a 26.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 47,500 shares of company stock valued at $2,821,630. Company insiders own 39.00% of the company’s stock.

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.