Pacer Advisors Inc. Sells 458,128 Shares of The Buckle, Inc. (NYSE:BKE)

Pacer Advisors Inc. decreased its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 27.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,215,912 shares of the company's stock after selling 458,128 shares during the quarter. Pacer Advisors Inc. owned 2.39% of Buckle worth $61,780,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in BKE. Dimensional Fund Advisors LP raised its position in Buckle by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,341,866 shares of the company's stock worth $49,566,000 after purchasing an additional 29,349 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in Buckle in the 2nd quarter valued at $225,000. Sei Investments Co. raised its stake in Buckle by 107.2% during the second quarter. Sei Investments Co. now owns 44,102 shares of the company's stock worth $1,629,000 after acquiring an additional 22,820 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Buckle by 10.8% during the second quarter. Public Sector Pension Investment Board now owns 66,343 shares of the company's stock valued at $2,451,000 after acquiring an additional 6,466 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Buckle by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,133 shares of the company's stock valued at $670,000 after purchasing an additional 655 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Insider Activity at Buckle

In other Buckle news, Director Karen B. Rhoads sold 9,500 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $51.63, for a total transaction of $490,485.00. Following the transaction, the director now owns 214,089 shares in the company, valued at approximately $11,053,415.07. This trade represents a 4.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $42.90, for a total value of $877,433.70. Following the completion of the sale, the chief executive officer now directly owns 1,822,546 shares of the company's stock, valued at approximately $78,187,223.40. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,042 shares of company stock worth $5,747,200 over the last ninety days. Company insiders own 39.80% of the company's stock.

Buckle Stock Performance

Shares of NYSE BKE traded down $1.04 during trading on Friday, reaching $47.58. The company had a trading volume of 244,806 shares, compared to its average volume of 469,850. The Buckle, Inc. has a 52 week low of $34.87 and a 52 week high of $54.25. The business's 50 day moving average price is $50.70 and its 200-day moving average price is $45.49. The stock has a market cap of $2.42 billion, a PE ratio of 12.08 and a beta of 1.15.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, November 22nd. The company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.01). The firm had revenue of $293.60 million during the quarter, compared to analyst estimates of $293.60 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm's quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business posted $1.04 earnings per share.

Buckle Cuts Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, January 29th. Investors of record on Wednesday, January 15th were paid a dividend of $2.50 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Wednesday, January 15th. Buckle's dividend payout ratio (DPR) is 35.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BKE shares. StockNews.com raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Friday, January 3rd. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and increased their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th.

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.