Impala Asset Management LLC acquired a new stake in shares of Buckle, Inc. (The) (NYSE:BKE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 412,000 shares of the company’s stock, valued at approximately $17,386,000. Buckle accounts for approximately 9.9% of Impala Asset Management LLC’s holdings, making the stock its 4th largest position. Impala Asset Management LLC owned approximately 0.80% of Buckle as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BKE. BlackRock Inc. purchased a new stake in shares of Buckle in the 2nd quarter valued at about $208,888,000. Bank of New York Mellon Corp purchased a new position in shares of Buckle during the second quarter worth about $27,466,000. Amundi grew its holdings in shares of Buckle by 676.9% during the fourth quarter. Amundi now owns 421,200 shares of the company’s stock worth $22,501,000 after purchasing an additional 366,986 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Buckle by 44.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock worth $55,746,000 after buying an additional 323,361 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Buckle by 1,066.8% in the 1st quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock worth $14,987,000 after buying an additional 272,088 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Bill L. Fairfield sold 2,500 shares of Buckle stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 38.40% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Buckle
Buckle Price Performance
NYSE:BKE opened at $42.81 on Friday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 9.86 and a beta of 1.10. The business has a 50 day moving average of $43.57 and a 200 day moving average of $48.19. Buckle, Inc. has a 1-year low of $40.73 and a 1-year high of $61.69.
Buckle (NYSE:BKE – Get Free Report) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $319.82 million for the quarter, compared to analysts’ expectations of $319.80 million. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share.
Buckle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Buckle’s dividend payout ratio (DPR) is currently 32.26%.
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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