Impala Asset Management LLC increased its holdings in Buckle, Inc. (The) (NYSE:BKE – Free Report) by 4.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,578 shares of the company’s stock after buying an additional 19,459 shares during the period. Buckle accounts for 9.8% of Impala Asset Management LLC’s holdings, making the stock its 3rd largest position. Impala Asset Management LLC’s holdings in Buckle were worth $21,130,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in BKE. Intech Investment Management LLC increased its stake in Buckle by 172.3% during the 4th quarter. Intech Investment Management LLC now owns 134,849 shares of the company’s stock worth $7,204,000 after acquiring an additional 85,330 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Buckle by 376.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after acquiring an additional 228,260 shares during the period. SG Americas Securities LLC grew its holdings in shares of Buckle by 113.7% during the 4th quarter. SG Americas Securities LLC now owns 27,718 shares of the company’s stock worth $1,481,000 after purchasing an additional 14,746 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Buckle during the 4th quarter worth $1,171,000. Finally, Artemis Investment Management LLP bought a new position in shares of Buckle in the fourth quarter worth $1,817,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on BKE shares. Wall Street Zen downgraded Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Weiss Ratings downgraded shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 25th. Finally, UBS Group decreased their target price on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.00.
Insider Activity at Buckle
In other news, Director Bill L. Fairfield sold 2,500 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the transaction, the director owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 38.40% of the company’s stock.
Buckle Stock Performance
Shares of BKE opened at $43.15 on Thursday. Buckle, Inc. has a 52-week low of $40.73 and a 52-week high of $61.69. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 9.90 and a beta of 1.08. The business’s fifty day moving average is $44.64 and its 200-day moving average is $49.64.
Buckle (NYSE:BKE – Get Free Report) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.18. The business had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.Buckle’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS.
Buckle Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.40 annualized dividend and a yield of 3.2%. Buckle’s payout ratio is presently 32.11%.
Buckle Company Profile
Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.
Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.
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