Pacer Advisors Inc. Has $73.61 Million Position in The Buckle, Inc. (NYSE:BKE)

Pacer Advisors Inc. lessened its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 20.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,674,040 shares of the company's stock after selling 426,358 shares during the quarter. Pacer Advisors Inc. owned approximately 3.30% of Buckle worth $73,608,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Buckle by 0.6% in the first quarter. Vanguard Group Inc. now owns 4,311,848 shares of the company's stock valued at $173,638,000 after purchasing an additional 24,051 shares during the last quarter. Dimensional Fund Advisors LP grew 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 valued at $49,566,000 after purchasing an additional 29,349 shares in the last quarter. Victory Capital Management Inc. increased its stake in Buckle by 2.2% in the 2nd quarter. Victory Capital Management Inc. now owns 736,132 shares of the company's stock valued at $27,193,000 after buying an additional 16,077 shares during the last quarter. American Century Companies Inc. increased its stake in Buckle by 14.0% in the 2nd quarter. American Century Companies Inc. now owns 716,090 shares of the company's stock valued at $26,452,000 after buying an additional 87,690 shares during the last quarter. Finally, Impala Asset Management LLC lifted its position in Buckle by 27.4% during the 2nd quarter. Impala Asset Management LLC now owns 254,727 shares of the company's stock worth $9,410,000 after buying an additional 54,727 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Insider Activity at Buckle

In other Buckle news, SVP Brett P. Milkie sold 16,000 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $41.35, for a total transaction of $661,600.00. Following the transaction, the senior vice president now owns 80,170 shares in the company, valued at $3,315,029.50. This trade represents a 16.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the business's stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the sale, the chief executive officer now directly owns 1,924,811 shares of the company's stock, valued at approximately $81,688,978.84. The trade was a 1.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,931 shares of company stock worth $6,080,458. Company insiders own 39.80% of the company's stock.

Buckle Price Performance

BKE stock traded up $1.24 during trading hours on Friday, reaching $48.89. The stock had a trading volume of 721,958 shares, compared to its average volume of 402,607. The stock has a 50-day simple moving average of $44.17 and a 200 day simple moving average of $40.86. The Buckle, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $49.78. The stock has a market capitalization of $2.48 billion, a PE ratio of 11.92 and a beta of 1.14.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, November 22nd. The company reported $0.88 earnings per share (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 16.69% and a return on equity of 46.17%. The company's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Friday, October 11th. Buckle's payout ratio is presently 34.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and raised their price objective for the company from $31.00 to $46.00 in a report on Tuesday, November 12th. StockNews.com upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Monday.

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.