First Manhattan Co. reduced its stake in Buckle, Inc. (The) (NYSE:BKE) by 8.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 29,700 shares of the company’s stock after selling 2,700 shares during the period. First Manhattan Co.’s holdings in Buckle, Inc. (The) were worth $528,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Buckle, Inc. (The) during the fourth quarter valued at $12,208,000. Teachers Advisors LLC raised its position in Buckle, Inc. (The) by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 46,847 shares of the company’s stock valued at $1,068,000 after buying an additional 1,698 shares during the last quarter. Creative Planning raised its position in Buckle, Inc. (The) by 3.6% in the first quarter. Creative Planning now owns 18,479 shares of the company’s stock valued at $344,000 after buying an additional 647 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Buckle, Inc. (The) by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $214,000 after buying an additional 300 shares during the last quarter. Finally, Adams Asset Advisors LLC raised its position in Buckle, Inc. (The) by 32.3% in the first quarter. Adams Asset Advisors LLC now owns 42,953 shares of the company’s stock valued at $798,000 after buying an additional 10,498 shares during the last quarter. Institutional investors own 66.46% of the company’s stock.

Buckle, Inc. (NYSE BKE) opened at 16.65 on Tuesday. Buckle, Inc. has a 1-year low of $16.00 and a 1-year high of $28.67. The stock has a market capitalization of $802.83 million, a price-to-earnings ratio of 8.81 and a beta of 0.89. The firm’s 50-day moving average is $17.09 and its 200 day moving average is $18.44.

Buckle, Inc. (The) (NYSE:BKE) last issued its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Buckle, Inc. (The) had a return on equity of 20.95% and a net margin of 9.66%. The business had revenue of $212.20 million during the quarter, compared to the consensus estimate of $216.42 million. During the same period last year, the company earned $0.48 EPS. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. Equities analysts anticipate that Buckle, Inc. will post $1.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Wednesday, July 12th. Buckle, Inc. (The)’s dividend payout ratio (DPR) is presently 53.19%.

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Several research firms have commented on BKE. ValuEngine raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, May 19th. BidaskClub raised shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG reaffirmed a “sell” rating and set a $15.00 price objective on shares of Buckle, Inc. (The) in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Buckle, Inc. (The) has a consensus rating of “Hold” and an average price target of $18.67.

Buckle, Inc. (The) Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

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