United Services Automobile Association Has $411,000 Stock Holdings in Buckle Inc (NYSE:BKE)

United Services Automobile Association decreased its holdings in shares of Buckle Inc (NYSE:BKE) by 14.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,718 shares of the company’s stock after selling 3,848 shares during the period. United Services Automobile Association’s holdings in Buckle were worth $411,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKE. Tower Research Capital LLC TRC acquired a new position in Buckle during the second quarter worth $60,000. Bank of Montreal Can raised its holdings in shares of Buckle by 127.5% in the second quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock valued at $62,000 after purchasing an additional 1,987 shares during the last quarter. Morris Capital Advisors LLC purchased a new stake in shares of Buckle in the second quarter valued at about $176,000. OneAscent Financial Services LLC purchased a new stake in shares of Buckle in the second quarter valued at about $206,000. Finally, Unison Advisors LLC raised its holdings in shares of Buckle by 6.6% in the second quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock valued at $297,000 after purchasing an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 65.85% of the company’s stock.

In related news, VP Robert J. Harbols sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $21.14, for a total transaction of $52,850.00. Following the completion of the sale, the vice president now owns 19,500 shares in the company, valued at $412,230. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 41.80% of the company’s stock.

Shares of BKE stock traded down $0.43 on Monday, hitting $20.08. The stock had a trading volume of 10,622 shares, compared to its average volume of 534,171. The business has a 50 day moving average of $19.80 and a 200 day moving average of $18.45. The stock has a market cap of $996.78 million, a price-to-earnings ratio of 10.21 and a beta of 0.72. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.35 and a quick ratio of 1.57. Buckle Inc has a 12-month low of $14.81 and a 12-month high of $22.80.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 23rd. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Buckle had a net margin of 10.52% and a return on equity of 23.16%. The company had revenue of $203.80 million during the quarter, compared to the consensus estimate of $202.20 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts expect that Buckle Inc will post 1.85 earnings per share for the current fiscal year.

The business also recently disclosed a — dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a yield of 5%. Buckle’s dividend payout ratio (DPR) is presently 50.76%.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Buckle from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Wednesday, July 10th. ValuEngine upgraded shares of Buckle from a “sell” rating to a “hold” rating in a report on Friday, July 12th.

About Buckle

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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Read More: Asset Allocation

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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