Deutsche Bank AG Buys New Position in Buckle, Inc. (The) $BKE

Key Points

• Deutsche Bank acquired 38,085 Buckle shares worth approximately $1.61 million, while other institutions also increased or initiated positions. Institutional investors collectively own 53.93% of BKE.
• Analysts maintain a cautious stance, with a consensus “Hold” rating and an average price target of $46.00. Buckle shares recently opened at $43.59, near their 52-week low of $40.73.
• Buckle exceeded quarterly earnings expectations, reporting $0.87 in EPS and $319.82 million in revenue, up 4.6% year over year. The company also pays a quarterly dividend of $0.35, representing a 3.2% annualized yield.

Deutsche Bank AG purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 38,085 shares of the company's stock, valued at approximately $1,607,000. Deutsche Bank AG owned approximately 0.07% of Buckle as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Intech Investment Management LLC boosted its holdings in shares of Buckle by 172.3% during the 4th quarter. Intech Investment Management LLC now owns 134,849 shares of the company's stock worth $7,204,000 after buying an additional 85,330 shares during the period. Chase Investment Counsel Corp bought a new stake in shares of Buckle during the second quarter worth approximately $1,519,000. Artemis Investment Management LLP bought a new stake in shares of Buckle during the fourth quarter worth approximately $1,817,000. Principal Financial Group Inc. grew its position in shares of Buckle by 31.9% in the first quarter. Principal Financial Group Inc. now owns 190,040 shares of the company's stock valued at $9,570,000 after purchasing an additional 45,942 shares during the last quarter. Finally, Summit Global Investments acquired a new position in shares of Buckle in the second quarter valued at approximately $992,000. Institutional investors own 53.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on BKE shares. Weiss Ratings lowered Buckle from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 14th. UBS Group restated a "neutral" rating on shares of Buckle in a research note on Monday. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $46.00.

Buckle Price Performance

Shares of BKE opened at $43.59 on Friday. The firm has a 50 day simple moving average of $43.54 and a two-hundred day simple moving average of $48.16. The company has a market cap of $2.25 billion, a P/E ratio of 10.04 and a beta of 1.10. Buckle, Inc. has a one year low of $40.73 and a one year high of $61.69.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.06. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The company had revenue of $319.82 million during the quarter, compared to analysts' expectations of $319.80 million. During the same quarter in the previous year, the firm earned $0.89 EPS. Buckle's revenue was up 4.6% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 32.26%.

Insider Activity

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

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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