Advisors Asset Management Inc. lowered its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 27.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 538,022 shares of the company’s stock after selling 203,151 shares during the quarter. Advisors Asset Management Inc. owned approximately 1.10% of Buckle, Inc. (The) worth $9,066,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. FMR LLC grew its holdings in Buckle, Inc. (The) by 0.5% during the 2nd quarter. FMR LLC now owns 7,326,750 shares of the company’s stock worth $130,416,000 after acquiring an additional 33,335 shares during the last quarter. Vanguard Group Inc. grew its holdings in Buckle, Inc. (The) by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 2,762,893 shares of the company’s stock worth $51,390,000 after acquiring an additional 228,149 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Buckle, Inc. (The) by 5,476.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock worth $22,603,000 after acquiring an additional 1,317,382 shares during the last quarter. State Street Corp grew its holdings in Buckle, Inc. (The) by 28.5% during the 1st quarter. State Street Corp now owns 1,046,933 shares of the company’s stock worth $19,468,000 after acquiring an additional 232,335 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Buckle, Inc. (The) by 2.5% in the 2nd quarter. Wells Fargo & Company MN now owns 926,782 shares of the company’s stock valued at $16,497,000 after purchasing an additional 22,633 shares during the last quarter. 61.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Buckle, Inc. (NYSE:BKE) traded up $0.85 during midday trading on Friday, hitting $20.75. 1,660,000 shares of the stock traded hands, compared to its average volume of 452,036. The company has a market cap of $1,060.00, a price-to-earnings ratio of 10.61 and a beta of 0.94. Buckle, Inc. has a one year low of $13.50 and a one year high of $27.10.

Buckle, Inc. (The) (NYSE:BKE) last issued its earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. analysts predict that Buckle, Inc. will post 1.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Thursday, October 12th. Buckle, Inc. (The)’s dividend payout ratio (DPR) is presently 55.56%.

BKE has been the topic of several recent research reports. ValuEngine raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Wednesday, November 1st. BidaskClub raised shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reduced their target price on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, August 18th.

TRADEMARK VIOLATION NOTICE: “Buckle, Inc. (The) (BKE) Shares Sold by Advisors Asset Management Inc.” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/11/18/buckle-inc-the-bke-shares-sold-by-advisors-asset-management-inc.html.

In other news, VP Kyle Hanson sold 4,100 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the transaction, the vice president now owns 24,900 shares of the company’s stock, valued at approximately $397,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 41.70% of the stock is currently owned by company insiders.

About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

Receive News & Stock Ratings for Buckle Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle Inc. (The) and related stocks with our FREE daily email newsletter.