TrueMark Investments LLC bought a new stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 112,582 shares of the company’s stock, valued at approximately $6,604,000. TrueMark Investments LLC owned about 0.22% of Buckle as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Strs Ohio purchased a new stake in Buckle during the 3rd quarter valued at approximately $786,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Buckle by 23.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,579 shares of the company’s stock valued at $317,000 after purchasing an additional 1,068 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Buckle by 267.5% in the third quarter. SG Americas Securities LLC now owns 12,972 shares of the company’s stock valued at $761,000 after purchasing an additional 9,442 shares during the period. Burford Brothers Inc. raised its stake in shares of Buckle by 10.0% during the third quarter. Burford Brothers Inc. now owns 16,247 shares of the company’s stock worth $953,000 after purchasing an additional 1,471 shares during the last quarter. Finally, KLP Kapitalforvaltning AS raised its stake in shares of Buckle by 8.0% during the third quarter. KLP Kapitalforvaltning AS now owns 13,500 shares of the company’s stock worth $792,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently weighed in on BKE. Weiss Ratings reiterated a “hold (c+)” rating on shares of Buckle in a research report on Wednesday. UBS Group restated a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Finally, Wall Street Zen lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.00.
Buckle Stock Performance
Buckle stock opened at $50.95 on Friday. The company has a market cap of $2.61 billion, a P/E ratio of 12.49 and a beta of 1.12. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.69. The business has a fifty day moving average of $55.25 and a two-hundred day moving average of $55.06.
Buckle (NYSE:BKE – Get Free Report) last posted its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The business had revenue of $320.84 million for the quarter, compared to analysts’ expectations of $317.97 million. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis.
Buckle Announces Dividend
The business also recently announced a special dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Thursday, January 15th. Buckle’s dividend payout ratio (DPR) is 34.31%.
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.
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