111 Capital Takes Position in Buckle, Inc. (The) $BKE

Key Points

• 111 Capital has acquired a new stake in Buckle, Inc., purchasing 5,047 shares valued at approximately $229,000 during the second quarter.
• Buckle reported $0.89 earnings per share for the quarter, exceeding expectations and marking an 8.3% year-over-year revenue increase to $305.74 million.
• The company announced a quarterly dividend of $0.35 per share, resulting in a 2.5% dividend yield for investors of record by October 15th.

111 Capital bought a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,047 shares of the company's stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after purchasing an additional 617 shares during the period. Signaturefd LLC boosted its stake in shares of Buckle by 62.4% in the second quarter. Signaturefd LLC now owns 2,560 shares of the company's stock valued at $116,000 after purchasing an additional 984 shares during the period. GAMMA Investing LLC boosted its stake in shares of Buckle by 546.2% in the second quarter. GAMMA Investing LLC now owns 3,134 shares of the company's stock valued at $142,000 after purchasing an additional 2,649 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Buckle during the 2nd quarter valued at $215,000. Finally, JLB & Associates Inc. bought a new position in Buckle during the 2nd quarter valued at $227,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. UBS Group increased their price objective on shares of Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Buckle in a research note on Saturday, September 27th. Finally, Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $54.00.

Buckle Stock Performance

Buckle stock opened at $56.81 on Wednesday. The firm's 50-day moving average is $56.87 and its 200-day moving average is $46.74. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The company has a market cap of $2.91 billion, a P/E ratio of 14.20 and a beta of 1.06.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The company had revenue of $305.74 million for the quarter, compared to the consensus estimate of $292.61 million. During the same period last year, the firm posted $0.78 EPS. The company's revenue for the quarter was up 8.3% on a year-over-year basis.

Buckle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle's dividend payout ratio (DPR) is 35.00%.

Insider Activity

In other Buckle news, Director James E. Shada sold 20,000 shares of the firm's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $59.49, for a total transaction of $1,189,800.00. Following the transaction, the director owned 55,352 shares of the company's stock, valued at approximately $3,292,890.48. This trade represents a 26.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total transaction of $83,610.00. Following the transaction, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. The trade was a 5.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,500 shares of company stock worth $3,320,030 in the last 90 days. 39.80% of the stock is currently owned by insiders.

About Buckle

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.

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