Teacher Retirement System of Texas grew its stake in The Buckle, Inc. (NYSE:BKE - Free Report) by 442.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 190,450 shares of the company's stock after buying an additional 155,366 shares during the quarter. Teacher Retirement System of Texas owned 0.38% of Buckle worth $9,677,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Buckle in the fourth quarter valued at approximately $31,000. Quarry LP increased its holdings in shares of Buckle by 60.9% during the 3rd quarter. Quarry LP now owns 938 shares of the company's stock valued at $41,000 after purchasing an additional 355 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Buckle by 268.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock worth $42,000 after buying an additional 601 shares in the last quarter. Blue Trust Inc. grew its position in Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after buying an additional 585 shares during the period. Finally, Quest Partners LLC purchased a new position in Buckle in the third quarter valued at $86,000. Hedge funds and other institutional investors own 53.93% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Buckle from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group lowered their price target on Buckle from $43.00 to $41.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th.
View Our Latest Report on Buckle
Insider Buying and Selling
In other news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $43.42, for a total transaction of $888,069.26. Following the completion of the sale, the chief executive officer now owns 1,698,828 shares of the company's stock, valued at $73,763,111.76. This represents a 1.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 92,269 shares of company stock worth $3,952,882. 39.80% of the stock is owned by corporate insiders.
Buckle Price Performance
NYSE BKE traded down $0.33 on Wednesday, hitting $39.64. The company had a trading volume of 572,468 shares, compared to its average volume of 574,218. The company's fifty day moving average price is $42.52 and its 200-day moving average price is $45.46. The company has a market capitalization of $2.01 billion, a PE ratio of 10.06 and a beta of 1.17. The Buckle, Inc. has a 12-month low of $34.67 and a 12-month high of $54.25.
Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The firm had revenue of $379.20 million during the quarter, compared to the consensus estimate of $378.97 million. During the same quarter in the prior year, the firm earned $1.59 EPS. The company's revenue for the quarter was down .8% on a year-over-year basis.
Buckle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date is Tuesday, April 15th. Buckle's dividend payout ratio is presently 36.08%.
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.
Further Reading
Before you consider Buckle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Buckle wasn't on the list.
While Buckle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
