Ieq Capital LLC bought a new stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 21,442 shares of the company’s stock, valued at approximately $905,000.
Several other large investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after acquiring an additional 617 shares during the period. Miller Capital Partners Inc. bought a new stake in Buckle during the fourth quarter worth approximately $37,000. Hantz Financial Services Inc. raised its holdings in Buckle by 51.6% during the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 239 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares during the period. Finally, Allworth Financial LP acquired a new stake in Buckle in the second quarter worth approximately $48,000. Institutional investors and hedge funds own 53.93% of the company’s stock.
Buckle Price Performance
NYSE BKE opened at $42.81 on Friday. Buckle, Inc. has a 12 month low of $40.73 and a 12 month high of $61.69. The company has a market capitalization of $2.21 billion, a P/E ratio of 9.86 and a beta of 1.10. The company’s 50 day simple moving average is $43.57 and its 200 day simple moving average is $48.19.
Buckle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid 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 3.3%. Buckle’s dividend payout ratio (DPR) is currently 32.26%.
Insider Buying and Selling at Buckle
In related news, Director Bill L. Fairfield sold 2,500 shares of Buckle stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director directly owned 52,908 shares in the company, valued at $2,351,231.52. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 38.40% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have recently issued reports on BKE shares. UBS Group reiterated a “neutral” rating on shares of Buckle in a research report on Monday. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.00.
Read Our Latest Research Report on BKE
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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