C M Bidwell & Associates Ltd. purchased a new stake in shares of Buckle Inc (NYSE:BKE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,430 shares of the company’s stock, valued at approximately $105,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock valued at $7,813,000 after acquiring an additional 131,594 shares during the last quarter. Adams Asset Advisors LLC grew its position in Buckle by 36.3% during the third quarter. Adams Asset Advisors LLC now owns 74,596 shares of the company’s stock valued at $1,256,000 after acquiring an additional 19,861 shares during the last quarter. Victory Capital Management Inc. grew its position in Buckle by 5,476.3% during the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock valued at $22,603,000 after acquiring an additional 1,317,382 shares during the last quarter. Ameriprise Financial Inc. grew its position in Buckle by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock valued at $4,021,000 after acquiring an additional 7,849 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Buckle by 12.5% during the third quarter. Rhumbline Advisers now owns 106,615 shares of the company’s stock valued at $1,796,000 after acquiring an additional 11,830 shares during the last quarter. Institutional investors and hedge funds own 59.77% of the company’s stock.
In other news, VP Diane L. Applegate sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the transaction, the vice president now owns 20,500 shares in the company, valued at $427,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brett P. Milkie sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the transaction, the senior vice president now owns 32,070 shares in the company, valued at approximately $674,111.40. The disclosure for this sale can be found here. Insiders sold 4,700 shares of company stock worth $98,538 in the last 90 days. Company insiders own 41.70% of the company’s stock.
A number of brokerages have commented on BKE. ValuEngine upgraded shares of Buckle from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Wednesday, November 1st.
Buckle Inc (NYSE BKE) opened at $19.40 on Tuesday. Buckle Inc has a fifty-two week low of $13.50 and a fifty-two week high of $25.11. The stock has a market cap of $971.94, a P/E ratio of 11.21 and a beta of 0.97.
Buckle (NYSE:BKE) last issued its earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm had revenue of $224.30 million for the quarter, compared to analysts’ expectations of $224.12 million. During the same quarter last year, the business earned $0.49 earnings per share. The business’s revenue was down 6.2% on a year-over-year basis. equities analysts forecast that Buckle Inc will post 1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Thursday, January 11th. Buckle’s dividend payout ratio is 57.80%.
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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.
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