Victory Capital Management Inc. Has $29.83 Million Stock Position in The Buckle, Inc. (NYSE:BKE)

Victory Capital Management Inc. trimmed its position in The Buckle, Inc. (NYSE:BKE - Free Report) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,173 shares of the company's stock after selling 26,972 shares during the period. Victory Capital Management Inc. owned approximately 1.16% of Buckle worth $29,834,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Buckle in the fourth quarter worth $31,000. Quarry LP lifted its holdings in Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company's stock worth $41,000 after acquiring an additional 355 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Buckle by 268.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after acquiring an additional 601 shares during the period. Blue Trust Inc. grew its stake in Buckle by 74.1% in the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after acquiring an additional 585 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Buckle during the third quarter worth about $86,000. Institutional investors own 53.93% of the company's stock.

Buckle Stock Down 2.8 %

BKE traded down $1.02 during trading on Thursday, hitting $35.11. The company had a trading volume of 797,415 shares, compared to its average volume of 395,359. The company has a market capitalization of $1.78 billion, a PE ratio of 8.91 and a beta of 1.17. The Buckle, Inc. has a one year low of $34.69 and a one year high of $54.25. The firm's 50-day moving average price is $44.86 and its 200 day moving average price is $45.68.

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Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $51.57, for a total value of $1,054,761.21. Following the sale, the chief executive officer now directly owns 1,739,734 shares in the company, valued at $89,718,082.38. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 97,382 shares of company stock worth $4,446,403 over the last three months. Corporate insiders own 39.80% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered Buckle from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th.

About Buckle

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.