Pacer Advisors Inc. Has $8.62 Million Stake in Buckle, Inc. (The) $BKE

Pacer Advisors Inc. grew its holdings in Buckle, Inc. (The) (NYSE:BKE) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 171,067 shares of the company’s stock after acquiring an additional 18,674 shares during the quarter. Pacer Advisors Inc. owned 0.33% of Buckle worth $8,615,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Miller Capital Partners Inc. acquired a new stake in Buckle during the 4th quarter worth approximately $37,000. Hantz Financial Services Inc. lifted its stake in Buckle by 51.6% in the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after buying an additional 239 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after buying an additional 592 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Buckle in the third quarter valued at approximately $65,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Trading Down 1.4%

NYSE BKE opened at $45.48 on Wednesday. The firm has a market capitalization of $2.34 billion, a P/E ratio of 10.43 and a beta of 1.10. The firm’s fifty day moving average price is $43.83 and its two-hundred day moving average price is $48.96. Buckle, Inc. has a 1 year low of $40.73 and a 1 year high of $61.69.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The company had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 EPS.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Buckle’s dividend payout ratio (DPR) is presently 32.11%.

Insider Buying and Selling

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director owned 52,908 shares of the company’s stock, valued at $2,351,231.52. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 38.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. UBS Group cut their target price on Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.