Intech Investment Management LLC bought a new position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,607 shares of the company's stock, valued at approximately $1,126,000. Intech Investment Management LLC owned approximately 0.05% of Buckle as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Moran Wealth Management LLC raised its holdings in shares of Buckle by 1.5% in the 3rd quarter. Moran Wealth Management LLC now owns 76,437 shares of the company's stock worth $3,361,000 after purchasing an additional 1,109 shares during the period. Jennison Associates LLC grew its stake in Buckle by 28.3% in the 3rd quarter. Jennison Associates LLC now owns 32,626 shares of the company's stock valued at $1,435,000 after buying an additional 7,205 shares in the last quarter. Banque Cantonale Vaudoise grew its stake in Buckle by 158.4% in the 3rd quarter. Banque Cantonale Vaudoise now owns 6,054 shares of the company's stock valued at $266,000 after buying an additional 3,711 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Buckle during the third quarter worth $86,000. Finally, WealthPlan Investment Management LLC purchased a new position in shares of Buckle in the third quarter valued at $473,000. Institutional investors own 53.93% of the company's stock.
Buckle Price Performance
BKE stock traded down $0.56 during mid-day trading on Thursday, hitting $51.24. 350,664 shares of the stock were exchanged, compared to its average volume of 405,255. The business has a fifty day moving average price of $44.61 and a 200 day moving average price of $41.14. The Buckle, Inc. has a 12 month low of $34.87 and a 12 month high of $52.17. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 13.01 and a beta of 1.14.
Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, November 22nd. The company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.01). Buckle had a return on equity of 44.11% and a net margin of 16.21%. The firm had revenue of $293.60 million for the quarter, compared to the consensus estimate of $293.60 million. During the same period last year, the firm earned $1.04 EPS. The company's revenue for the quarter was down 3.3% on a year-over-year basis.
Buckle Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.35 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.40 annualized dividend and a dividend yield of 2.73%. Buckle's dividend payout ratio is currently 35.53%.
Insider Transactions at Buckle
In other 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 transaction, the senior vice president now owns 80,170 shares in the company, valued at approximately $3,315,029.50. The trade was a 16.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dennis H. Nelson sold 20,453 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $41.78, for a total value of $854,526.34. Following the transaction, the chief executive officer now owns 1,904,358 shares in the company, valued at approximately $79,564,077.24. This represents a 1.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 127,765 shares of company stock worth $5,524,118. Company insiders own 39.80% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BKE shares. StockNews.com upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Monday, November 18th. UBS Group upgraded Buckle from a "sell" rating to a "neutral" rating and lifted their price target for the company from $31.00 to $46.00 in a research report on Tuesday, November 12th.
View Our Latest Stock Analysis on Buckle
About Buckle
(
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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