Versor Investments LP purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,800 shares of the company's stock, valued at approximately $1,793,000. Versor Investments LP owned about 0.09% of Buckle as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caption Management LLC purchased a new position in shares of Buckle in the fourth quarter valued at $36,000. Bellwether Advisors LLC bought a new position in Buckle during the 4th quarter valued at $43,000. State of Wyoming bought a new position in Buckle during the 4th quarter valued at $111,000. Viking Fund Management LLC bought a new position in Buckle during the 1st quarter valued at $115,000. Finally, Novem Group bought a new position in Buckle during the 4th quarter valued at $227,000. Institutional investors and hedge funds own 53.93% of the company's stock.
Buckle Stock Performance
Shares of BKE traded up $1.2040 during trading hours on Friday, hitting $56.0540. 450,110 shares of the company were exchanged, compared to its average volume of 533,924. The firm's 50 day moving average is $49.07 and its 200-day moving average is $42.54. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $57.53. The company has a market cap of $2.87 billion, a PE ratio of 14.41 and a beta of 1.05.
Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. Buckle had a net margin of 15.95% and a return on equity of 43.13%. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year.
Buckle Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.5%. Buckle's dividend payout ratio is presently 35.99%.
Insider Activity
In other news, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total value of $890,114.56. Following the sale, the chief executive officer owned 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. This represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Shada sold 10,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total transaction of $498,400.00. Following the sale, the director directly owned 85,352 shares in the company, valued at approximately $4,253,943.68. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. 39.00% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on BKE. UBS Group lifted their target price on shares of Buckle from $40.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Buckle currently has a consensus rating of "Hold" and an average target price of $51.00.
Read Our Latest Analysis on BKE
About Buckle
(
Free Report)
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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