5,000 Shares in Buckle, Inc. (The) $BKE Acquired by JLB & Associates Inc.

Key Points

• JLB & Associates Inc. acquired 5,000 shares of Buckle, Inc. valued at approximately $227,000 during the second quarter, indicating growing institutional interest in the company.
• Buckle's recent earnings report showed an EPS of $0.89, surpassing analysts' expectations and reflecting an 8.3% increase in revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.35 per share, with a payout ratio of 35.00%, reaffirming its commitment to returning value to shareholders.

JLB & Associates Inc. bought a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,000 shares of the company's stock, valued at approximately $227,000.

Other large investors have also modified their holdings of the company. Geneos Wealth Management Inc. increased its position in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after purchasing an additional 617 shares during the last quarter. Viking Fund Management LLC purchased a new position in Buckle during the first quarter worth about $115,000. Signaturefd LLC increased its position in shares of Buckle by 62.4% during the second quarter. Signaturefd LLC now owns 2,560 shares of the company's stock valued at $116,000 after acquiring an additional 984 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Buckle by 546.2% during the second quarter. GAMMA Investing LLC now owns 3,134 shares of the company's stock valued at $142,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Buckle in the 2nd quarter valued at approximately $215,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Stock Performance

Shares of BKE stock opened at $59.03 on Tuesday. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The company has a 50 day moving average price of $55.89 and a 200 day moving average price of $45.97. The stock has a market capitalization of $3.02 billion, a P/E ratio of 14.76 and a beta of 1.02.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly 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. The company had revenue of $305.74 million during the quarter, compared to analysts' expectations of $292.61 million. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.78 EPS.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle's payout ratio is presently 35.00%.

Insider Buying and Selling

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of the stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.36, for a total value of $1,187,200.00. Following the sale, the executive vice president owned 150,354 shares of the company's stock, valued at $8,925,013.44. This trade represents a 11.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Peetz sold 1,500 shares of Buckle stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total value of $83,610.00. Following the completion of the transaction, the director owned 23,623 shares of the company's stock, valued at $1,316,746.02. The trade was a 5.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $3,320,030 in the last quarter. Company insiders own 39.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. UBS Group upped their price target on Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a research note on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Buckle presently has an average rating of "Hold" and a consensus price target of $54.00.

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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