Victory Capital Management Inc. Has $29.83 Million Holdings in The Buckle, Inc. (NYSE:BKE)

Victory Capital Management Inc. cut its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 587,173 shares of the company’s stock after selling 26,972 shares during the quarter. Victory Capital Management Inc.’s holdings in Buckle were worth $29,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP increased its position in shares of Buckle by 60.9% during the third quarter. Quarry LP now owns 938 shares of the company’s stock valued at $41,000 after purchasing an additional 355 shares during the period. DGS Capital Management LLC increased its position in shares of Buckle by 6.8% during the third quarter. DGS Capital Management LLC now owns 7,131 shares of the company’s stock valued at $314,000 after purchasing an additional 451 shares during the period. Blue Trust Inc. increased its position in shares of Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company’s stock valued at $70,000 after purchasing an additional 585 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company’s stock valued at $42,000 after purchasing an additional 601 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Buckle during the fourth quarter valued at approximately $31,000. 53.93% of the stock is currently owned by institutional investors.

Buckle Price Performance

Shares of NYSE:BKE opened at $38.33 on Monday. The business’s fifty day moving average price is $45.68 and its two-hundred day moving average price is $45.82. The Buckle, Inc. has a fifty-two week low of $34.87 and a fifty-two week high of $54.25. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 9.73 and a beta of 1.17.

Buckle Cuts Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 29th. Shareholders of record on Wednesday, January 15th were given a $2.50 dividend. This represents a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, January 15th. Buckle’s dividend payout ratio (DPR) is 35.53%.

Wall Street Analyst Weigh In

BKE has been the topic of a number of research reports. UBS Group upgraded Buckle from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $51.37, for a total value of $1,050,670.61. Following the sale, the chief executive officer now directly owns 1,760,187 shares in the company, valued at $90,420,806.19. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kari G. Smith sold 20,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $52.29, for a total value of $1,045,800.00. Following the completion of the transaction, the executive vice president now directly owns 150,554 shares in the company, valued at approximately $7,872,468.66. This represents a 11.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,882 shares of company stock worth $5,621,453 over the last three months. Company insiders own 39.80% of the company’s stock.

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.