Landscape Capital Management L.L.C. bought a new stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 61,287 shares of the company’s stock, valued at approximately $2,586,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ieq Capital LLC acquired a new position in Buckle during the second quarter worth $905,000. Allworth Financial LP acquired a new stake in shares of Buckle in the second quarter valued at $48,000. Stevens Capital Partners acquired a new stake in shares of Buckle in the second quarter valued at $2,593,000. BlackRock Inc. purchased a new stake in shares of Buckle in the 2nd quarter valued at $208,888,000. Finally, Deutsche Bank AG purchased a new stake in shares of Buckle in the 2nd quarter valued at $1,607,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.
Insider Buying and Selling
In related news, Director Bill L. Fairfield sold 2,500 shares of the business’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 transaction, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 38.40% of the stock is owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Buckle
Buckle Stock Up 2.7%
Buckle stock opened at $43.80 on Friday. Buckle, Inc. has a 52-week low of $40.73 and a 52-week high of $61.69. The firm has a market cap of $2.26 billion, a PE ratio of 10.09 and a beta of 1.10. The company’s 50 day moving average is $43.61 and its two-hundred day moving average is $48.38.
Buckle (NYSE:BKE – Get Free Report) last posted its quarterly earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.81 by $0.06. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The business had revenue of $319.82 million during the quarter, compared to the consensus estimate of $319.80 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year.
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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle’s payout ratio is presently 32.11%.
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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