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

Key Points

• Quantbot Technologies LP acquired 24,520 Buckle shares worth approximately $1.04 million in the second quarter. Institutional investors collectively own 53.93% of the retailer.
• Buckle reported quarterly earnings of $0.87 per share, beating estimates by $0.06, while revenue rose 4.6% year over year to $319.82 million.
• The stock opened at $44.12, and analysts maintain a consensus “Hold” rating with a $46 price target. Buckle also pays a $0.35 quarterly dividend, representing a 3.2% yield.

Quantbot Technologies LP purchased a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,520 shares of the company's stock, valued at approximately $1,035,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Buckle during the 2nd quarter worth approximately $208,888,000. Vanguard Group Inc. grew its position in shares of Buckle by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 3,970,767 shares of the company's stock valued at $212,118,000 after buying an additional 89,441 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Buckle by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,370,398 shares of the company's stock worth $73,207,000 after acquiring an additional 5,784 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Buckle by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company's stock valued at $67,582,000 after acquiring an additional 30,128 shares in the last quarter. Finally, State Street Corp boosted its stake in Buckle by 4.3% in the fourth quarter. State Street Corp now owns 1,321,675 shares of the company's stock valued at $70,604,000 after acquiring an additional 54,826 shares in the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Performance

NYSE BKE opened at $44.12 on Thursday. The firm's fifty day moving average is $43.61 and its two-hundred day moving average is $48.26. Buckle, Inc. has a one year low of $40.73 and a one year high of $61.69. The firm has a market cap of $2.27 billion, a PE ratio of 10.17 and a beta of 1.10.

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

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 32.26%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BKE. Weiss Ratings cut Buckle from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 14th. UBS Group reissued a "neutral" rating on shares of Buckle in a research report on Monday. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $46.00.

Insiders Place Their Bets

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of Buckle stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director directly owned 52,908 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 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.

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