Creative Planning Acquires 10,751 Shares of The Buckle, Inc. (NYSE:BKE)

Creative Planning grew its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 64.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,528 shares of the company’s stock after buying an additional 10,751 shares during the period. Creative Planning’s holdings in Buckle were worth $1,210,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. EntryPoint Capital LLC purchased a new position in shares of Buckle in the 1st quarter worth about $70,000. CWM LLC raised its position in shares of Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after purchasing an additional 1,096 shares during the last quarter. Gladius Capital Management LP raised its position in shares of Buckle by 217.4% in the 2nd quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after purchasing an additional 2,024 shares during the last quarter. nVerses Capital LLC raised its position in shares of Buckle by 2,350.0% in the 2nd quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after purchasing an additional 4,700 shares during the last quarter. Finally, JLB & Associates Inc. purchased a new position in shares of Buckle in the 3rd quarter worth about $220,000. Institutional investors own 53.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com lowered Buckle from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. UBS Group decreased their target price on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research report on Monday, August 26th.

Buckle Stock Performance

Shares of NYSE:BKE opened at $43.30 on Thursday. The Buckle, Inc. has a fifty-two week low of $32.16 and a fifty-two week high of $48.15. The business has a 50-day simple moving average of $42.78 and a two-hundred day simple moving average of $39.82. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of 10.21 and a beta of 1.13.

Buckle (NYSE:BKE) last issued its 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 business had revenue of $282.39 million during the quarter.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 3.23%. Buckle’s dividend payout ratio is currently 33.02%.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $37.80, for a total transaction of $579,852.00. Following the completion of the sale, the chief executive officer now directly owns 1,950,377 shares in the company, valued at $73,724,250.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $37.80, for a total transaction of $579,852.00. Following the completion of the sale, the chief executive officer now directly owns 1,950,377 shares in the company, valued at $73,724,250.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 value of $1,046,825.04. Following the sale, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,718 shares of company stock worth $5,819,174 in the last three months. 39.80% of the stock is currently owned by company insiders.

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.