Moran Wealth Management LLC Acquires 821 Shares of The Buckle, Inc. (NYSE:BKE)

Moran Wealth Management LLC raised its holdings in The Buckle, Inc. (NYSE:BKE) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,258 shares of the company’s stock after buying an additional 821 shares during the period. Moran Wealth Management LLC’s holdings in Buckle were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in shares of Buckle by 15.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company’s stock valued at $89,000 after purchasing an additional 240 shares in the last quarter. Quarry LP lifted 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 in the last quarter. DGS Capital Management LLC lifted 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 in the last quarter. Blue Trust Inc. lifted 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 in the last quarter. 53.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on BKE. StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group raised shares of Buckle from a “sell” rating to a “neutral” rating and raised their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.

Buckle Stock Performance

NYSE BKE opened at $38.28 on Tuesday. The Buckle, Inc. has a 52-week low of $34.87 and a 52-week high of $54.25. The company has a 50-day simple moving average of $45.42 and a 200 day simple moving average of $45.80. The company has a market capitalization of $1.94 billion, a PE ratio of 9.72 and a beta of 1.17.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $51.37, for a total transaction of $1,050,670.61. Following the completion of the sale, the chief executive officer now owns 1,760,187 shares in the company, valued at approximately $90,420,806.19. This trade represents a 1.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John P. Peetz sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $51.70, for a total transaction of $129,250.00. Following the sale, the director now owns 22,123 shares of the company’s stock, valued at $1,143,759.10. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 99,882 shares of company stock worth $4,575,653. 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.