Buckle, Inc. (The) $BKE Shares Purchased by Cwm LLC

Key Points

• Cwm LLC significantly increased its stake in Buckle, Inc. by 185.6% in Q2, now owning nearly 9,885 shares valued at $448,000.
• Buckle reported a 12% increase in revenue year-over-year, with earnings per share exceeding expectations at $0.89 for the last quarter.
• The company declared a quarterly dividend of $0.35 per share, representing a yield of 2.5%, with the payment scheduled for October 29th.

Cwm LLC increased its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 185.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,885 shares of the company's stock after acquiring an additional 6,424 shares during the quarter. Cwm LLC's holdings in Buckle were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BKE. IFP Advisors Inc increased its stake in Buckle by 12.5% during the second quarter. IFP Advisors Inc now owns 2,431 shares of the company's stock worth $110,000 after acquiring an additional 270 shares during the last quarter. SummerHaven Investment Management LLC boosted its position in shares of Buckle by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 21,755 shares of the company's stock worth $987,000 after buying an additional 407 shares during the period. Optimist Retirement Group LLC boosted its position in shares of Buckle by 6.1% during the first quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company's stock worth $401,000 after buying an additional 605 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock worth $25,000 after buying an additional 617 shares during the period. Finally, Rafferty Asset Management LLC boosted its position in shares of Buckle by 8.7% during the first quarter. Rafferty Asset Management LLC now owns 8,540 shares of the company's stock worth $327,000 after buying an additional 682 shares during the period. Institutional investors and hedge funds own 53.93% of the company's stock.

Analyst Ratings Changes

BKE has been the subject of several research analyst reports. UBS Group raised their price target on Buckle from $51.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, August 25th. Weiss Ratings restated a "hold (c+)" rating on shares of Buckle in a research report on Friday. Finally, Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $54.00.

Buckle Trading Down 0.3%

NYSE:BKE opened at $55.73 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of 13.93 and a beta of 1.06. The stock has a fifty day moving average price of $57.37 and a 200 day moving average price of $48.19. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69.

Buckle (NYSE:BKE - Get Free Report) last released its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.06. The firm had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.Buckle's revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle's payout ratio is 35.00%.

Insiders Place Their Bets

In other Buckle news, EVP Kari G. Smith sold 20,000 shares of Buckle stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.36, for a total transaction of $1,187,200.00. Following the completion of the sale, the executive vice president directly owned 150,354 shares of the company's stock, valued at $8,925,013.44. The trade was a 11.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Shada sold 20,000 shares of Buckle stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.49, for a total value of $1,189,800.00. Following the sale, the director directly owned 55,352 shares of the company's stock, valued at $3,292,890.48. This trade represents a 26.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,500 shares of company stock valued at $2,821,630 over the last quarter. Corporate insiders own 39.00% of the company's stock.

About Buckle

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.

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