Landscape Capital Management L.L.C. bought a new stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 108,104 shares of the company's stock, valued at approximately $4,753,000. Landscape Capital Management L.L.C. owned approximately 0.21% of Buckle as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Buckle by 52.0% during the third quarter. Blue Trust Inc. now owns 789 shares of the company's stock valued at $35,000 after purchasing an additional 270 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Buckle in the 1st quarter valued at $70,000. CWM LLC boosted its stake in Buckle by 119.9% in the 2nd quarter. CWM LLC now owns 2,010 shares of the company's stock valued at $74,000 after buying an additional 1,096 shares in the last quarter. Quest Partners LLC bought a new stake in Buckle in the third quarter valued at $86,000. Finally, Signaturefd LLC raised its stake in Buckle by 38.7% during the third quarter. Signaturefd LLC now owns 2,236 shares of the company's stock worth $98,000 after acquiring an additional 624 shares in the last quarter. Institutional investors own 53.93% of the company's stock.
Buckle Stock Up 0.9 %
BKE stock traded up $0.43 during midday trading on Thursday, reaching $47.65. 400,789 shares of the company's stock traded hands, compared to its average volume of 401,173. The company has a 50-day simple moving average of $43.96 and a two-hundred day simple moving average of $40.74. The Buckle, Inc. has a 1-year low of $34.87 and a 1-year high of $49.78. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 11.52 and a beta of 1.14.
Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share (EPS) for the quarter. The business had revenue of $282.39 million for the quarter. Buckle had a net margin of 16.69% and a return on equity of 46.17%.
Buckle Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Friday, October 11th. Buckle's dividend payout ratio is currently 34.15%.
Insider Buying and Selling
In related news, SVP Brett P. Milkie sold 16,000 shares of Buckle stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $41.35, for a total value of $661,600.00. Following the completion of the sale, the senior vice president now directly owns 80,170 shares in the company, valued at $3,315,029.50. This trade represents a 16.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $41.78, for a total value of $854,526.34. Following the sale, the chief executive officer now directly owns 1,904,358 shares of the company's stock, valued at $79,564,077.24. This represents a 1.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,931 shares of company stock worth $6,080,458 in the last quarter. Insiders own 39.80% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on BKE. StockNews.com upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Monday. UBS Group upgraded shares of Buckle from a "sell" rating to a "neutral" rating and boosted their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.
View Our Latest Research Report on Buckle
Buckle Profile
(
Free Report)
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.
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