Man Group plc Makes New Investment in Buckle, Inc. (The) $BKE

Man Group plc purchased a new stake in shares of Buckle, Inc. (The) (NYSE:BKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 55,300 shares of the company’s stock, valued at approximately $2,334,000. Man Group plc owned 0.11% of Buckle as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Buckle during the second quarter valued at approximately $208,888,000. Vanguard Group Inc. boosted its stake in shares of Buckle by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 3,970,767 shares of the company’s stock worth $212,118,000 after acquiring an additional 89,441 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Buckle by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,370,398 shares of the company’s stock worth $73,207,000 after acquiring an additional 5,784 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Buckle by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company’s stock worth $67,582,000 after acquiring an additional 30,128 shares during the last quarter. Finally, State Street Corp raised its position in shares of Buckle by 4.3% during the fourth quarter. State Street Corp now owns 1,321,675 shares of the company’s stock worth $70,604,000 after purchasing an additional 54,826 shares during the period. 53.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings downgraded shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Monday, August 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.00.

Insider Activity at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the transaction, the director directly owned 52,908 shares in the company, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.40% of the stock is currently owned by corporate insiders.

Buckle Stock Performance

Shares of BKE stock opened at $42.40 on Wednesday. The stock has a market capitalization of $2.18 billion, a PE ratio of 9.77 and a beta of 1.10. Buckle, Inc. has a 52 week low of $40.73 and a 52 week high of $61.69. The stock’s fifty day moving average is $43.45 and its 200-day moving average is $47.99.

Buckle (NYSE:BKE) last released its earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million during the quarter, compared to analysts’ expectations of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.89 EPS.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.