72,824 Shares in Buckle, Inc. (The) $BKE Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 72,824 shares of Buckle, Inc., valued at approximately $2.79 million, representing about 0.14% of the company's stock as of their latest SEC filing.
• Buckle, Inc. reported a quarterly earnings per share (EPS) of $0.89, exceeding analysts' expectations of $0.83, along with a revenue of $305.74 million, up 8.3% year-over-year.
• Several institutional investors, including Price T Rowe Associates and Balyasny Asset Management, significantly increased their stakes in Buckle during the fourth quarter, reflecting growing confidence in the company.

Cubist Systematic Strategies LLC bought a new position in Buckle, Inc. (The) (NYSE:BKE - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 72,824 shares of the company's stock, valued at approximately $2,791,000. Cubist Systematic Strategies LLC owned approximately 0.14% of Buckle at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Buckle by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,360,826 shares of the company's stock valued at $52,147,000 after buying an additional 74,614 shares during the period. American Century Companies Inc. raised its position in shares of Buckle by 13.5% during the 1st quarter. American Century Companies Inc. now owns 1,063,856 shares of the company's stock valued at $40,767,000 after buying an additional 126,331 shares during the period. Victory Capital Management Inc. raised its position in shares of Buckle by 10.0% during the 1st quarter. Victory Capital Management Inc. now owns 645,958 shares of the company's stock valued at $24,753,000 after buying an additional 58,785 shares during the period. Northern Trust Corp raised its position in Buckle by 6.3% in the fourth quarter. Northern Trust Corp now owns 385,627 shares of the company's stock valued at $19,594,000 after purchasing an additional 23,002 shares during the period. Finally, Invesco Ltd. raised its position in Buckle by 42.1% in the first quarter. Invesco Ltd. now owns 329,601 shares of the company's stock valued at $12,630,000 after purchasing an additional 97,679 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BKE shares. UBS Group boosted their target price on Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research note on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $54.00.

Insider Activity at Buckle

In other Buckle news, Director John P. Peetz sold 1,500 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total transaction of $83,610.00. Following the transaction, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. This represents a 5.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kari G. Smith sold 20,000 shares of the company's 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 transaction, the executive vice president owned 150,354 shares in the company, valued at $8,925,013.44. The trade was a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,500 shares of company stock valued at $3,320,030. 39.00% of the stock is owned by corporate insiders.

Buckle Stock Up 2.9%

BKE traded up $1.72 on Thursday, reaching $61.52. The company had a trading volume of 484,807 shares, compared to its average volume of 539,044. The stock has a 50-day moving average price of $52.90 and a 200-day moving average price of $44.04. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.62. The stock has a market capitalization of $3.15 billion, a PE ratio of 15.38 and a beta of 1.02.

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

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date is Wednesday, October 15th. Buckle's dividend payout ratio is presently 35.00%.

Buckle Company 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.