Bowling Portfolio Management LLC Has $1.77 Million Position in Buckle Inc (BKE)
Bowling Portfolio Management LLC trimmed its position in Buckle Inc (NYSE:BKE) by 9.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,804 shares of the company’s stock after selling 7,745 shares during the quarter. Bowling Portfolio Management LLC owned 0.16% of Buckle worth $1,770,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of Buckle by 124.9% in the second quarter. American Century Companies Inc. now owns 260,033 shares of the company’s stock worth $6,995,000 after buying an additional 144,399 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Buckle in the second quarter worth $312,000. BlackRock Inc. increased its stake in shares of Buckle by 1.0% in the first quarter. BlackRock Inc. now owns 3,640,037 shares of the company’s stock worth $80,628,000 after buying an additional 36,599 shares during the period. Principal Financial Group Inc. increased its stake in shares of Buckle by 3.0% in the first quarter. Principal Financial Group Inc. now owns 218,338 shares of the company’s stock worth $4,836,000 after buying an additional 6,324 shares during the period. Finally, TD Asset Management Inc. purchased a new position in shares of Buckle in the second quarter worth $4,487,000. 69.84% of the stock is currently owned by institutional investors.
In other news, Director Michael E. Huss sold 1,688 shares of the business’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $22.63, for a total transaction of $38,199.44. Following the sale, the director now owns 17,062 shares in the company, valued at approximately $386,113.06. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Diane L. Applegate sold 4,000 shares of the business’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $22.50, for a total transaction of $90,000.00. Following the sale, the vice president now owns 27,500 shares in the company, valued at approximately $618,750. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
NYSE:BKE opened at $18.29 on Friday. The firm has a market capitalization of $960.27 million, a P/E ratio of 10.21 and a beta of 0.64. Buckle Inc has a twelve month low of $16.05 and a twelve month high of $29.65.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 24th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $201.10 million for the quarter, compared to analysts’ expectations of $201.82 million. Buckle had a net margin of 10.53% and a return on equity of 23.39%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities analysts expect that Buckle Inc will post 1.89 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, October 11th. Buckle’s dividend payout ratio (DPR) is currently 54.05%.
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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