Chase Investment Counsel Corp bought a new stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 36,000 shares of the company’s stock, valued at approximately $1,519,000.
Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. Miller Capital Partners Inc. acquired a new stake in Buckle in the fourth quarter valued at approximately $37,000. Hantz Financial Services Inc. grew its stake in Buckle by 51.6% in the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Buckle by 162.2% during the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after acquiring an additional 592 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Buckle during the third quarter valued at approximately $65,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.
Buckle Price Performance
BKE opened at $44.09 on Monday. Buckle, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $61.69. The firm has a market capitalization of $2.27 billion, a PE ratio of 10.11 and a beta of 1.10. The company’s 50-day moving average is $43.77 and its 200 day moving average is $48.55.
Buckle Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were given 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 3.2%. Buckle’s payout ratio is presently 32.11%.
Insider Activity
In related news, Director Bill L. Fairfield sold 2,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director owned 52,908 shares in the company, valued at approximately $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 38.40% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on Buckle from $47.00 to $46.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.00.
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.
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