Buckle, Inc. (The) $BKE Shares Acquired by Versor Investments LP

Versor Investments LP grew its position in Buckle, Inc. (The) (NYSE:BKEFree Report) by 196.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,731 shares of the company’s stock after purchasing an additional 11,750 shares during the period. Versor Investments LP’s holdings in Buckle were worth $947,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BKE. Two Sigma Investments LP lifted its stake in shares of Buckle by 3,695.1% in the 3rd quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock valued at $14,226,000 after purchasing an additional 236,120 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Buckle by 376.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock worth $16,948,000 after acquiring an additional 228,260 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Buckle during the 3rd quarter worth approximately $10,393,000. Squarepoint Ops LLC lifted its position in Buckle by 322.4% during the 2nd quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock worth $7,556,000 after acquiring an additional 127,177 shares in the last quarter. Finally, UBS Group AG lifted its position in Buckle by 32.6% during the 4th quarter. UBS Group AG now owns 489,306 shares of the company’s stock worth $26,139,000 after acquiring an additional 120,215 shares in the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Kari G. Smith sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $54.57, for a total value of $1,637,100.00. Following the completion of the sale, the executive vice president directly owned 83,814 shares in the company, valued at approximately $4,573,729.98. The trade was a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michelle Hoffman sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the completion of the sale, the senior vice president owned 29,682 shares of the company’s stock, valued at $1,626,573.60. This trade represents a 35.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,200 shares of company stock valued at $6,517,932 over the last quarter. Company insiders own 39.80% of the company’s stock.

Buckle Stock Performance

Buckle stock opened at $49.22 on Wednesday. The stock’s 50 day moving average price is $52.25 and its 200 day moving average price is $53.63. The firm has a market capitalization of $2.54 billion, a PE ratio of 11.89 and a beta of 1.16. Buckle, Inc. has a one year low of $38.89 and a one year high of $61.69.

Buckle (NYSE:BKEGet Free Report) last announced its earnings results on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million for the quarter, compared to analyst estimates of $396.45 million. During the same period in the prior year, the company posted $1.53 EPS. Buckle’s quarterly revenue was up 5.2% on a year-over-year basis.

Buckle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, April 15th. Buckle’s payout ratio is 33.82%.

Analyst Ratings Changes

Several research firms recently commented on BKE. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings raised Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, UBS Group reduced their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

Check Out Our Latest Research Report on Buckle

About Buckle

(Free Report)

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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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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