Buckle, Inc. (The) (BKE) Shares Bought by Northern Trust Corp
Northern Trust Corp raised its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 2.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,222 shares of the company’s stock after acquiring an additional 7,399 shares during the quarter. Northern Trust Corp owned approximately 0.77% of Buckle, Inc. (The) worth $6,644,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BKE. Municipal Employees Retirement System of Michigan grew its stake in Buckle, Inc. (The) by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after acquiring an additional 290 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Buckle, Inc. (The) by 17.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock valued at $130,000 after acquiring an additional 1,056 shares in the last quarter. Pacad Investment Ltd. grew its stake in Buckle, Inc. (The) by 750.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock valued at $151,000 after acquiring an additional 7,500 shares in the last quarter. Leucadia National Corp purchased a new position in Buckle, Inc. (The) during the 2nd quarter valued at about $181,000. Finally, Arizona State Retirement System grew its stake in Buckle, Inc. (The) by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after acquiring an additional 100 shares in the last quarter. 61.64% of the stock is currently owned by institutional investors.
Shares of Buckle, Inc. (BKE) opened at $19.00 on Tuesday. The stock has a market capitalization of $928.05, a PE ratio of 10.56 and a beta of 0.94. Buckle, Inc. has a 1-year low of $13.50 and a 1-year high of $27.10.
Buckle, Inc. (The) (NYSE:BKE) last announced its quarterly earnings results on Thursday, August 17th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The business had revenue of $195.65 million during the quarter, compared to analyst estimates of $195.97 million. Buckle, Inc. (The) had a return on equity of 19.96% and a net margin of 9.40%. The firm’s revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. equities research analysts expect that Buckle, Inc. will post 1.63 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, October 13th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.00 annualized dividend and a dividend yield of 5.26%. Buckle, Inc. (The)’s dividend payout ratio is 55.56%.
Several equities analysts have weighed in on the company. Deutsche Bank AG reaffirmed a “sell” rating and set a $15.00 target price on shares of Buckle, Inc. (The) in a research note on Wednesday, August 2nd. BidaskClub upgraded Buckle, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. ValuEngine upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Buckle, Inc. (The) from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a report on Wednesday, November 1st.
In other news, VP Kyle Hanson sold 4,100 shares of Buckle, Inc. (The) stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the sale, the vice president now directly owns 24,900 shares in the company, valued at approximately $397,155. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 41.70% of the stock is owned by insiders.
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About Buckle, Inc. (The)
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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