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Algert Global LLC Sells 26,303 Shares of Buckle, Inc. (The) $BKE

Buckle logo with Retail/Wholesale background
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Key Points

  • Algert Global LLC cut its stake in Buckle by 12.5%, selling 26,303 shares and now holding 183,494 shares (about 0.36% of the company), valued at roughly $10.76 million.
  • Buckle beat Q4 estimates with $1.59 EPS vs. $1.51 consensus and $399.14M in revenue (up 5.2% y/y), reporting healthy profitability (net margin ~16% and ROE ~45%) and emphasizing online growth and selective store expansion.
  • Institutional flows are mixed—several funds increased positions while Miller Value Partners exited ~72,000 shares—and the stock trades below its 50- and 200-day moving averages; consensus analyst rating is a Hold with a $55 target.
  • Five stocks to consider instead of Buckle.

Algert Global LLC lessened its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 12.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 183,494 shares of the company's stock after selling 26,303 shares during the period. Algert Global LLC owned 0.36% of Buckle worth $10,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BKE. Alliancebernstein L.P. boosted its stake in shares of Buckle by 4.0% in the third quarter. Alliancebernstein L.P. now owns 36,639 shares of the company's stock worth $2,149,000 after acquiring an additional 1,403 shares during the period. Schonfeld Strategic Advisors LLC grew its holdings in Buckle by 65.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 95,866 shares of the company's stock valued at $5,623,000 after buying an additional 38,008 shares in the last quarter. Creative Planning grew its holdings in Buckle by 71.4% during the 3rd quarter. Creative Planning now owns 34,688 shares of the company's stock valued at $2,035,000 after buying an additional 14,445 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Buckle by 32.1% during the third quarter. Raymond James Financial Inc. now owns 15,919 shares of the company's stock valued at $934,000 after buying an additional 3,870 shares during the last quarter. Finally, Man Group plc raised its position in shares of Buckle by 249.4% during the third quarter. Man Group plc now owns 30,877 shares of the company's stock valued at $1,811,000 after buying an additional 22,041 shares during the last quarter. 53.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on BKE shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Buckle in a report on Wednesday, January 21st. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. Finally, UBS Group restated a "neutral" rating on shares of Buckle in a research report on Friday, January 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle currently has a consensus rating of "Hold" and a consensus target price of $55.00.

View Our Latest Research Report on Buckle

Buckle News Summary

Here are the key news stories impacting Buckle this week:

Buckle Price Performance

Shares of BKE stock opened at $50.20 on Monday. The company has a market cap of $2.57 billion, a PE ratio of 12.12 and a beta of 1.17. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The stock's 50 day simple moving average is $52.32 and its two-hundred day simple moving average is $55.12.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The firm had revenue of $399.14 million for the quarter, compared to the consensus estimate of $396.45 million. During the same quarter in the previous year, the company posted $1.53 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year.

About Buckle

(Free Report)

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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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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