Buckle, Inc. (The) $BKE Position Decreased by Impala Asset Management LLC

Key Points

• Impala Asset Management reduced its stake in Buckle by 33.3% in Q3, selling 119,038 shares and retaining 238,000 shares (about $13.96M), which represents roughly 9.5% of Impala’s portfolio and is its fifth-largest holding.
• Several other large institutions raised positions — including Dimensional, American Century, Geode, Bank of New York Mellon and a 376.3% increase by JPMorgan to 288,920 shares — and overall institutional ownership stands at about 53.93%.
• Buckle recently paid a special $3.00 dividend (record Jan 15, paid Jan 29) with a payout ratio of 34.31%, and the stock trades near $52.55 with a market cap of about $2.69B and a P/E of 12.88.

Impala Asset Management LLC cut its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,000 shares of the company's stock after selling 119,038 shares during the period. Buckle comprises approximately 9.5% of Impala Asset Management LLC's portfolio, making the stock its 5th biggest holding. Impala Asset Management LLC owned about 0.47% of Buckle worth $13,961,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of BKE. Dimensional Fund Advisors LP grew its stake in Buckle by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,303,606 shares of the company's stock valued at $76,471,000 after purchasing an additional 13,556 shares during the period. American Century Companies Inc. boosted its holdings in shares of Buckle by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 1,209,869 shares of the company's stock worth $70,971,000 after buying an additional 87,920 shares during the last quarter. Geode Capital Management LLC grew its position in Buckle by 5.6% during the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company's stock valued at $40,861,000 after buying an additional 47,751 shares during the period. Bank of New York Mellon Corp increased its holdings in Buckle by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 532,522 shares of the company's stock worth $24,150,000 after buying an additional 9,118 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Buckle by 376.3% during the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company's stock worth $16,948,000 after buying an additional 228,260 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Buckle Trading Down 0.8%

Shares of BKE stock opened at $52.55 on Friday. The firm's 50 day moving average is $52.72 and its 200 day moving average is $55.35. The stock has a market capitalization of $2.69 billion, a P/E ratio of 12.88 and a beta of 1.17. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $61.69.

Buckle Dividend Announcement

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

Analyst Upgrades and Downgrades

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

About Buckle

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.

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.