Brandywine Global Investment Management LLC Has $7.09 Million Stock Position in Buckle, Inc. (The) $BKE

Key Points

• Brandywine Global Investment Management LLC increased its shareholding in Buckle, Inc. by 7.5%, owning approximately $7.09 million worth of stock.
• Buckle's latest quarterly earnings report showed an EPS of $0.70, exceeding estimates, along with a 3.7% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.35 per share, representing a 2.5% dividend yield for investors.

Brandywine Global Investment Management LLC lifted its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 7.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 185,068 shares of the company's stock after acquiring an additional 12,897 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.36% of Buckle worth $7,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fox Run Management L.L.C. purchased a new stake in shares of Buckle during the first quarter worth approximately $327,000. Russell Investments Group Ltd. raised its position in Buckle by 4,548.2% in the 1st quarter. Russell Investments Group Ltd. now owns 6,461 shares of the company's stock valued at $248,000 after purchasing an additional 6,322 shares in the last quarter. Public Sector Pension Investment Board raised its position in Buckle by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 94,894 shares of the company's stock valued at $3,636,000 after purchasing an additional 20,369 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Buckle during the 1st quarter worth about $3,850,000. Finally, Aigen Investment Management LP acquired a new position in Buckle during the first quarter worth approximately $232,000. Institutional investors and hedge funds own 53.93% of the company's stock.

Buckle Price Performance

BKE traded down $0.1620 during trading on Thursday, reaching $54.8780. 653,892 shares of the stock traded hands, compared to its average volume of 532,653. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 14.11 and a beta of 1.05. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $57.53. The stock's 50-day simple moving average is $48.84 and its two-hundred day simple moving average is $42.48.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.05. Buckle had a return on equity of 43.13% and a net margin of 15.95%.The company had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The business's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Announces Dividend

The firm 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. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's payout ratio is presently 35.99%.

Analyst Ratings Changes

BKE has been the topic of a number of research analyst reports. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group increased their price target on Buckle from $40.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $51.00.

Insider Activity at Buckle

In other news, Director James E. Shada sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $49.84, for a total value of $498,400.00. Following the transaction, the director directly owned 85,352 shares of the company's stock, valued at $4,253,943.68. The trade was a 10.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dennis H. Nelson sold 20,453 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total value of $890,114.56. Following the transaction, the chief executive officer directly owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. 39.00% of the stock is owned by insiders.

Buckle Profile

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.