American Century Companies Inc. Grows Stock Position in Buckle, Inc. (The) $BKE

Key Points

• American Century Companies Inc. raised its stake in Buckle by 7.8% in Q3, adding 87,920 shares to hold 1,209,869 shares (about 2.37% of the company) valued at roughly $70.97 million.
• Buckle paid a $3.00 special dividend (record/ex-dividend date Jan 15, paid Jan 29), and its payout ratio is about 34.3%.
• Shares trade near $52.99 with a 1-year range of $33.12–$61.69; the company has a market cap of $2.71 billion and a P/E of 12.99, while analysts' consensus rating is a Hold with a $55 price target.

American Century Companies Inc. raised its position in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,209,869 shares of the company's stock after buying an additional 87,920 shares during the quarter. American Century Companies Inc. owned about 2.37% of Buckle worth $70,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after acquiring an additional 617 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company's stock worth $27,000 after purchasing an additional 208 shares in the last quarter. Allworth Financial LP raised its position in shares of Buckle by 1,652.3% in the second quarter. Allworth Financial LP now owns 771 shares of the company's stock valued at $35,000 after purchasing an additional 727 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock valued at $43,000 after buying an additional 592 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Buckle by 64.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company's stock valued at $45,000 after buying an additional 393 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Buckle Price Performance

Shares of BKE opened at $52.99 on Thursday. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69. The company has a market capitalization of $2.71 billion, a P/E ratio of 12.99 and a beta of 1.17. The firm's 50 day simple moving average is $52.77 and its 200 day simple moving average is $55.37.

Buckle Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th were issued a dividend of $3.00 per share. The ex-dividend date of this dividend was Thursday, January 15th. Buckle's payout ratio is currently 34.31%.

Analyst Ratings Changes

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

Buckle Company 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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