California Public Employees Retirement System boosted its stake in Buckle Inc. (NYSE:BKE) by 12.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,100 shares of the company’s stock after buying an additional 10,200 shares during the period. California Public Employees Retirement System owned 0.19% of Buckle worth $2,316,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its position in Buckle by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,842,758 shares of the company’s stock valued at $62,414,000 after buying an additional 12,505 shares during the last quarter. Hamlin Capital Management LLC raised its position in Buckle by 2.0% in the second quarter. Hamlin Capital Management LLC now owns 1,735,380 shares of the company’s stock valued at $45,103,000 after buying an additional 34,306 shares during the last quarter. Creative Planning raised its position in Buckle by 4.0% in the second quarter. Creative Planning now owns 19,882 shares of the company’s stock valued at $517,000 after buying an additional 772 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Buckle during the first quarter valued at about $912,000. Finally, Kennedy Capital Management Inc. raised its position in Buckle by 36.4% in the first quarter. Kennedy Capital Management Inc. now owns 156,875 shares of the company’s stock valued at $5,313,000 after buying an additional 41,848 shares during the last quarter. Hedge funds and other institutional investors own 65.35% of the company’s stock.
Buckle Inc. (NYSE:BKE) traded down 2.04% during mid-day trading on Monday, reaching $23.54. 179,114 shares of the company traded hands. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.79 and a beta of 1.20. The company’s 50-day moving average is $25.42 and its 200-day moving average is $26.99. Buckle Inc. has a 12-month low of $22.00 and a 12-month high of $38.30.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $212.20 million for the quarter. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. Equities analysts predict that Buckle Inc. will post $2.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s dividend payout ratio (DPR) is presently 37.45%.
BKE has been the subject of several analyst reports. Wedbush restated a “neutral” rating and set a $21.00 price target (down previously from $22.00) on shares of Buckle in a report on Sunday, September 4th. Deutsche Bank AG reiterated a “sell” rating and issued a $22.00 price objective on shares of Buckle in a research note on Tuesday, July 5th. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Finally, Zacks Investment Research lowered shares of Buckle from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Three equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.80.
In other news, VP Kelli D. Molczyk sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $26.71, for a total transaction of $106,840.00. Following the completion of the sale, the vice president now owns 21,163 shares of the company’s stock, valued at $565,263.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Kyle Hanson sold 5,400 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.13, for a total value of $141,102.00. Following the sale, the vice president now directly owns 25,400 shares of the company’s stock, valued at approximately $663,702. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
Buckle Company Profile
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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