IFP Advisors Inc Purchases 270 Shares of Buckle, Inc. (The) $BKE

IFP Advisors Inc boosted its position in Buckle, Inc. (The) (NYSE:BKE) by 12.5% during the 2nd quarter, Holdings Channel reports. The fund owned 2,431 shares of the company’s stock after buying an additional 270 shares during the period. IFP Advisors Inc’s holdings in Buckle were worth $110,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Buckle by 12.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company’s stock worth $926,000 after acquiring an additional 2,727 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Buckle by 2.3% in the first quarter. Principal Financial Group Inc. now owns 165,324 shares of the company’s stock worth $6,335,000 after purchasing an additional 3,688 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Buckle by 36.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,208 shares of the company’s stock worth $506,000 after purchasing an additional 3,521 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of Buckle by 239.3% in the first quarter. GSA Capital Partners LLP now owns 37,212 shares of the company’s stock worth $1,426,000 after purchasing an additional 26,245 shares during the last quarter. Finally, Impala Asset Management LLC raised its stake in shares of Buckle by 37.1% in the first quarter. Impala Asset Management LLC now owns 432,080 shares of the company’s stock worth $16,571,000 after purchasing an additional 116,833 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In other news, SVP Brett P. Milkie sold 6,000 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $60.17, for a total value of $361,020.00. Following the completion of the transaction, the senior vice president directly owned 89,570 shares of the company’s stock, valued at $5,389,426.90. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Peetz sold 1,500 shares of the firm’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total value of $83,610.00. Following the completion of the transaction, the director directly owned 23,623 shares of the company’s stock, valued at $1,316,746.02. The trade was a 5.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,500 shares of company stock valued at $3,320,030 in the last three months. 39.00% of the stock is currently owned by company insiders.

Buckle Trading Up 0.9%

Shares of NYSE BKE opened at $54.36 on Friday. The stock has a fifty day simple moving average of $57.40 and a two-hundred day simple moving average of $47.58. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 13.59 and a beta of 1.06.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. During the same period in the prior year, the company earned $0.78 earnings per share. Buckle’s revenue was up 8.3% compared to the same quarter last year.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle’s dividend payout ratio is 35.00%.

Wall Street Analysts Forecast Growth

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

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.