The Manufacturers Life Insurance Company bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 15,962 shares of the company’s stock, valued at approximately $674,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. boosted its position in shares of Buckle by 51.6% during the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares in the last quarter. Unison Advisors LLC boosted its position in shares of Buckle by 0.6% during the 1st quarter. Unison Advisors LLC now owns 42,307 shares of the company’s stock worth $2,131,000 after purchasing an additional 262 shares in the last quarter. Glenmede Investment Management LP increased its position in Buckle by 3.8% in the 3rd quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock valued at $439,000 after buying an additional 277 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Buckle by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 22,342 shares of the company’s stock worth $1,013,000 after acquiring an additional 314 shares in the last quarter. Finally, Vident Advisory LLC raised its position in shares of Buckle by 2.1% during the fourth quarter. Vident Advisory LLC now owns 14,982 shares of the company’s stock worth $800,000 after purchasing an additional 315 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.
Wall Street Analyst Weigh In
BKE has been the subject of a number of recent research reports. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.
Buckle Price Performance
BKE opened at $43.19 on Monday. Buckle, Inc. has a one year low of $40.73 and a one year high of $61.69. The business has a 50 day simple moving average of $43.45 and a two-hundred day simple moving average of $47.79. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.95 and a beta of 1.11.
Buckle (NYSE:BKE – Get Free Report) last posted its earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The firm had revenue of $319.82 million for the quarter, compared to analysts’ expectations of $319.80 million. During the same period in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year.
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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