Summit Global Investments Makes New $992,000 Investment in Buckle, Inc. (The) $BKE

Summit Global Investments purchased a new position in Buckle, Inc. (The) (NYSE:BKE) during the second quarter, HoldingsChannel reports. The firm purchased 23,509 shares of the company’s stock, valued at approximately $992,000.

Other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in Buckle by 51.6% in the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the period. Unison Advisors LLC increased its position in shares of Buckle by 0.6% during the 1st quarter. Unison Advisors LLC now owns 42,307 shares of the company’s stock valued at $2,131,000 after purchasing an additional 262 shares during the last quarter. Glenmede Investment Management LP lifted its stake in shares of Buckle by 3.8% in the 3rd quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock worth $439,000 after purchasing an additional 277 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Buckle by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 22,342 shares of the company’s stock worth $1,013,000 after purchasing an additional 314 shares during the period. Finally, Vident Advisory LLC boosted its holdings in shares of Buckle by 2.1% in the fourth quarter. Vident Advisory LLC now owns 14,982 shares of the company’s stock worth $800,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Trading Down 1.6%

Shares of BKE opened at $44.09 on Friday. The business’s 50 day moving average is $43.77 and its 200 day moving average is $48.56. The company has a market capitalization of $2.27 billion, a PE ratio of 10.11 and a beta of 1.10. Buckle, Inc. has a 12-month low of $40.73 and a 12-month high of $61.69.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company had revenue of $288.74 million for the quarter, compared to analysts’ expectations of $287.68 million. During the same period in the previous year, the firm earned $0.70 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. Buckle’s dividend payout ratio (DPR) is presently 32.11%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BKE shares. UBS Group cut their price target on Buckle from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Insider Activity at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 38.40% of the company’s stock.

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.