Pacer Advisors Inc. boosted its stake in shares of Buckle, Inc. (The) (NYSE:BKE – Free Report) by 12.3% in the first quarter, HoldingsChannel reports. The firm owned 171,067 shares of the company’s stock after purchasing an additional 18,674 shares during the quarter. Pacer Advisors Inc.’s holdings in Buckle were worth $8,615,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Shariaportfolio Inc. bought a new position in shares of Buckle in the first quarter valued at about $267,000. Bank of America Corp DE boosted its holdings in shares of Buckle by 13.2% during the 1st quarter. Bank of America Corp DE now owns 234,609 shares of the company’s stock worth $11,815,000 after buying an additional 27,352 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Buckle by 204.8% during the 1st quarter. Edgestream Partners L.P. now owns 63,942 shares of the company’s stock worth $3,220,000 after buying an additional 42,963 shares during the period. California State Teachers Retirement System grew its stake in Buckle by 38.7% in the 1st quarter. California State Teachers Retirement System now owns 40,898 shares of the company’s stock valued at $2,060,000 after buying an additional 11,420 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Buckle by 15.5% in the 1st quarter. Royal Bank of Canada now owns 8,799 shares of the company’s stock valued at $444,000 after buying an additional 1,182 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. UBS Group decreased their target price on Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $47.00.
Buckle Stock Performance
NYSE:BKE opened at $45.48 on Wednesday. Buckle, Inc. has a 52 week low of $40.73 and a 52 week high of $61.69. The firm’s 50-day simple moving average is $43.83 and its 200 day simple moving average is $48.96. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 10.43 and a beta of 1.10.
Buckle (NYSE:BKE – Get Free Report) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The firm had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year.
Buckle Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Wednesday, July 15th. Buckle’s payout ratio is presently 32.11%.
Insider Activity
In related news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares in the company, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 38.40% of the company’s stock.
Buckle 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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