Deutsche Bank AG acquired a new stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,085 shares of the company’s stock, valued at approximately $1,607,000.
Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Buckle by 9.5% in the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after buying an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 buying an additional 797 shares during the period. Millennium Management LLC increased its stake in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after acquiring an additional 13,189 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Buckle by 323.6% in the second quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock worth $1,241,000 after purchasing an additional 20,905 shares during the period. Institutional investors own 53.93% of the company’s stock.
Insider Activity
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 sale, the director owned 52,908 shares in the company, valued at $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.40% of the stock is currently owned by insiders.
Buckle Stock Performance
Buckle (NYSE:BKE – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.89 earnings per share.
Buckle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.35 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Buckle’s dividend payout ratio is presently 32.26%.
Analysts Set New Price Targets
BKE has been the topic of several research reports. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Monday. Weiss Ratings downgraded shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Buckle currently has an average rating of “Hold” and an average price target of $46.00.
Read Our Latest Research Report on Buckle
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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