Victory Capital Management Inc. Decreases Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Victory Capital Management Inc. decreased its holdings in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 614,145 shares of the company's stock after selling 121,987 shares during the period. Victory Capital Management Inc. owned approximately 1.21% of Buckle worth $27,004,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Buckle by 0.6% during 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 in the last quarter. Edgestream Partners L.P. bought a new stake in shares of Buckle in the 1st quarter worth approximately $3,073,000. Caxton Associates LP bought a new position in Buckle during the 1st quarter worth approximately $804,000. Sei Investments Co. purchased a new position in shares of Buckle in the first quarter valued at about $856,000. Finally, ProShare Advisors LLC lifted its stake in Buckle by 15.7% in the second quarter. ProShare Advisors LLC now owns 125,368 shares of the company's stock worth $4,631,000 after acquiring an additional 17,010 shares during the period. 53.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Brett P. Milkie sold 16,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $41.35, for a total transaction of $661,600.00. Following the completion of the sale, the senior vice president now directly owns 80,170 shares of the company's stock, valued at approximately $3,315,029.50. The trade was a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction that occurred on 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 owns 1,822,546 shares of the company's stock, valued at $78,187,223.40. The trade was a 1.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 142,931 shares of company stock worth $6,080,458 over the last three months. 39.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BKE has been the subject of several recent analyst reports. UBS Group raised Buckle from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Monday.

Buckle Price Performance

NYSE BKE traded down $0.13 during trading hours on Monday, hitting $47.79. The company's stock had a trading volume of 372,376 shares, compared to its average volume of 402,246. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $49.78. The company's 50 day simple moving average is $43.75 and its two-hundred day simple moving average is $40.63. The company has a market cap of $2.43 billion, a P/E ratio of 11.66 and a beta of 1.14.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million for the quarter.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.93%. Buckle's dividend payout ratio (DPR) is presently 34.15%.

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.