SummerHaven Investment Management LLC Boosts Holdings in Buckle, Inc. (The) $BKE

SummerHaven Investment Management LLC raised its holdings in Buckle, Inc. (The) (NYSE:BKE) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,755 shares of the company’s stock after acquiring an additional 407 shares during the period. SummerHaven Investment Management LLC’s holdings in Buckle were worth $987,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Optimist Retirement Group LLC boosted its holdings in Buckle by 6.1% in the first quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company’s stock valued at $401,000 after purchasing an additional 605 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Buckle by 8.7% during the 1st quarter. Rafferty Asset Management LLC now owns 8,540 shares of the company’s stock worth $327,000 after acquiring an additional 682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock worth $704,000 after acquiring an additional 797 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Buckle by 5.6% during the 1st quarter. Vident Advisory LLC now owns 16,334 shares of the company’s stock worth $626,000 after acquiring an additional 863 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BKE shares. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, September 6th. UBS Group increased their target price on shares of Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $54.00.

Buckle Trading Up 1.8%

Shares of Buckle stock opened at $59.84 on Monday. The firm has a market capitalization of $3.06 billion, a PE ratio of 14.96 and a beta of 1.02. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69. The firm’s 50-day moving average price is $55.69 and its 200 day moving average price is $45.81.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 22nd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The company had revenue of $305.74 million during the quarter, compared to the consensus estimate of $292.61 million. Buckle had a net margin of 16.12% and a return on equity of 43.97%. Buckle’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Buckle’s dividend payout ratio is presently 35.00%.

Insider Buying and Selling at Buckle

In other news, Director James E. Shada sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the completion of the sale, the director owned 55,352 shares in the company, valued at $3,292,890.48. This trade represents a 26.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total transaction of $83,610.00. Following the sale, the director owned 23,623 shares of the company’s stock, valued at $1,316,746.02. This represents a 5.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,500 shares of company stock worth $3,320,030 in the last quarter. Insiders own 39.80% of the company’s stock.

Buckle Company 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.