21,046 Shares in Buckle, Inc. (The) $BKE Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC bought a new position in Buckle, Inc. (The) (NYSE:BKE) during the third quarter, Holdings Channel reports. The firm bought 21,046 shares of the company’s stock, valued at approximately $925,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BKE. BlackRock Inc. purchased a new stake in Buckle during the 2nd quarter valued at about $208,888,000. Bank of New York Mellon Corp purchased a new stake in Buckle during the second quarter worth $27,466,000. Impala Asset Management LLC purchased a new position in Buckle during the second quarter worth approximately $17,386,000. Lazard Asset Management LLC grew its position in shares of Buckle by 1,066.8% in the first quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock valued at $14,987,000 after purchasing an additional 272,088 shares during the period. Finally, Summit Street Capital Management LLC acquired a new stake in shares of Buckle in the second quarter worth approximately $11,474,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on BKE. UBS Group reiterated a “neutral” rating on shares of Buckle in a research report on Monday, August 24th. Weiss Ratings raised shares of Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Two research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $46.00.

Buckle Price Performance

NYSE:BKE opened at $46.47 on Friday. Buckle, Inc. has a 12 month low of $39.44 and a 12 month high of $58.52. The firm has a market capitalization of $2.39 billion, a PE ratio of 10.71 and a beta of 1.14. The business’s fifty day moving average price is $43.02 and its 200 day moving average price is $45.93.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The company had revenue of $319.82 million during the quarter, compared to the consensus estimate of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%. Buckle’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, October 15th. Buckle’s dividend payout ratio (DPR) is 32.26%.

Buckle Profile

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for young men and women. The company is particularly known for its selection of denim, along with tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories. Buckle sells merchandise under a combination of national brands and proprietary labels.

The company operates retail stores across the United States and also sells products through its e-commerce platform. Its stores generally offer personalized customer service, including denim fitting and tailoring, and are designed to provide a lifestyle-oriented shopping experience.