Mason Street Advisors LLC purchased a new stake in Buckle Inc. (NYSE:BKE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,473 shares of the company’s stock, valued at approximately $142,000.
Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of Buckle by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,069 shares of the company’s stock valued at $106,000 after buying an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Buckle by 21.8% in the second quarter. Public Employees Retirement System of Ohio now owns 4,929 shares of the company’s stock worth $128,000 after buying an additional 883 shares during the period. BlackRock Inc. increased its position in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock worth $142,000 after buying an additional 2,358 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Buckle during the second quarter worth about $200,000. Finally, Hsbc Holdings PLC increased its position in shares of Buckle by 32.2% in the second quarter. Hsbc Holdings PLC now owns 8,585 shares of the company’s stock worth $223,000 after buying an additional 2,090 shares during the period. Institutional investors and hedge funds own 65.35% of the company’s stock.
Buckle Inc. (NYSE:BKE) opened at 21.65 on Friday. Buckle Inc. has a 12 month low of $20.85 and a 12 month high of $36.16. The stock has a market cap of $1.04 billion, a PE ratio of 8.08 and a beta of 1.20. The stock’s 50 day moving average price is $24.00 and its 200-day moving average price is $26.23.
Buckle (NYSE:BKE) last released its earnings results on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The firm earned $212.20 million during the quarter. Buckle had a net margin of 12.06% and a return on equity of 30.53%. The firm’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS. Analysts anticipate that Buckle Inc. will post $2.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s payout ratio is presently 37.45%.
A number of brokerages have issued reports on BKE. Zacks Investment Research upgraded Buckle from a “strong sell” rating to a “hold” rating in a research note on Monday, July 25th. KeyCorp restated an “equal weight” rating on shares of Buckle in a research note on Sunday, June 26th. Deutsche Bank AG restated a “sell” rating and issued a $22.00 price objective on shares of Buckle in a research note on Tuesday, July 5th. Finally, Wedbush restated a “neutral” rating and issued a $21.00 price objective (down previously from $22.00) on shares of Buckle in a research note on Sunday, September 4th. Three investment analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.80.
In other news, VP Kyle Hanson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the transaction, the vice president now owns 25,400 shares in the company, valued at approximately $666,750. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 41.80% of the stock is owned by insiders.
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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