Amundi Reduces Position in Buckle, Inc. (The) $BKE

Key Points

• Amundi cut its Buckle stake by 98% in the first quarter, selling 412,955 shares and retaining 8,245 shares valued at approximately $415,000. Institutional investors collectively own 53.93% of the retailer.
• Buckle reported quarterly earnings of $0.92 per share, beating estimates of $0.74, while revenue rose 6.1% year over year to $288.74 million. The company also maintains a quarterly dividend of $0.35, equating to a 3.0% yield.
• Analyst sentiment remains cautious: UBS lowered its price target to $46 and maintained a neutral rating, while the overall consensus is Hold with an average target of $46.00.

Amundi reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 98.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,245 shares of the company's stock after selling 412,955 shares during the period. Amundi's holdings in Buckle were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after buying an additional 617 shares during the last quarter. Miller Capital Partners Inc. acquired a new stake in Buckle in the fourth quarter valued at $37,000. Hantz Financial Services Inc. lifted its holdings in Buckle by 51.6% during the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company's stock worth $38,000 after buying an additional 239 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock worth $43,000 after buying an additional 592 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Buckle during the 3rd quarter worth about $65,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Price Performance

NYSE BKE opened at $45.94 on Wednesday. The firm's fifty day moving average price is $43.72 and its 200 day moving average price is $48.69. Buckle, Inc. has a 12 month low of $40.73 and a 12 month high of $61.69. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 10.54 and a beta of 1.10.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The firm had revenue of $288.74 million during the quarter, compared to analysts' expectations of $287.68 million. During the same period in the previous year, the company earned $0.70 earnings per share. Buckle's quarterly revenue was up 6.1% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle's payout ratio is presently 32.11%.

Insider Buying and Selling at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the company's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares of the company's stock, valued at $2,351,231.52. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 38.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group dropped their price objective on Buckle from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Tuesday. Weiss Ratings upgraded Buckle from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.00.

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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