Buckle, Inc. (The) (NYSE:BKE – Get Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as $40.93 and last traded at $42.2320, with a volume of 565634 shares trading hands. The stock had previously closed at $41.53.
Analyst Ratings Changes
BKE has been the subject of several recent research reports. Weiss Ratings lowered shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 25th. UBS Group reduced their price objective on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Finally, Wall Street Zen downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle has a consensus rating of “Hold” and a consensus target price of $47.00.
Get Our Latest Stock Report on Buckle
Buckle Stock Performance
Buckle (NYSE:BKE – Get Free Report) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $287.68 million. During the same quarter in the previous year, the business posted $0.70 EPS. Buckle’s revenue was up 6.1% on a year-over-year basis.
Buckle Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. Buckle’s dividend payout ratio (DPR) is presently 32.11%.
Insiders Place Their Bets
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 sale, the director owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Hoffman sold 16,200 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $54.80, for a total transaction of $887,760.00. Following the transaction, the senior vice president owned 29,682 shares of the company’s stock, valued at approximately $1,626,573.60. This trade represents a 35.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 48,700 shares of company stock worth $2,635,960. 39.80% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Buckle
Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares during the period. Miller Capital Partners Inc. purchased a new position in shares of Buckle in the 4th quarter valued at $37,000. Hantz Financial Services Inc. boosted its position in shares of Buckle by 51.6% in 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 during the period. EverSource Wealth Advisors LLC grew its position in shares of Buckle by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares during the last quarter. Finally, Quarry LP acquired a new position in Buckle in the third quarter valued at $65,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.
About Buckle
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.
Featured Stories
- Five stocks we like better than Buckle
- NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
- Amazon Could Be About to Reap the Rewards of a Software Spending Boom
- Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
- AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?
Receive News & Ratings for Buckle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle and related companies with MarketBeat.com's FREE daily email newsletter.
