24,520 Shares in Buckle, Inc. (The) $BKE Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in Buckle, Inc. (The) (NYSE:BKE) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 24,520 shares of the company’s stock, valued at approximately $1,035,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. acquired a new stake in shares of Buckle in the 2nd quarter valued at approximately $2,586,000. Ieq Capital LLC purchased a new position in shares of Buckle in the 2nd quarter valued at about $905,000. Allworth Financial LP acquired a new stake in shares of Buckle in the second quarter valued at about $48,000. Stevens Capital Partners purchased a new stake in Buckle during the second quarter worth about $2,593,000. Finally, BlackRock Inc. purchased a new stake in Buckle during the second quarter worth about $208,888,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BKE shares. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a report on Monday. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Buckle has a consensus rating of “Hold” and an average target price of $46.00.

Buckle Stock Up 0.9%

NYSE:BKE opened at $44.12 on Thursday. The company has a market capitalization of $2.27 billion, a PE ratio of 10.17 and a beta of 1.10. Buckle, Inc. has a 52-week low of $40.73 and a 52-week high of $61.69. The stock has a fifty day simple moving average of $43.61 and a 200-day simple moving average of $48.26.

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

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were given a $0.35 dividend. 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 is currently 32.26%.

Insider Activity at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the transaction, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.40% of the stock is owned by corporate insiders.

Buckle Company 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.