Buckle, Inc. (The) $BKE Shares Acquired by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Buckle, Inc. by 126.6%, acquiring an additional 13,092 shares to own a total of 23,432 shares, valued at approximately $898,000.
• Buckle reported earnings of $0.89 per share, surpassing estimates, with a net margin of 16.12% and a year-over-year revenue growth of 8.3%, totaling $305.74 million for the quarter.
• Analysts have set a new average price target for Buckle at $54.00, with UBS Group upgrading its rating from "hold" to "neutral".

Dynamic Technology Lab Private Ltd raised its holdings in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 126.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,432 shares of the company's stock after purchasing an additional 13,092 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Buckle were worth $898,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BKE. Price T Rowe Associates Inc. MD lifted its position in shares of Buckle by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock worth $623,000 after purchasing an additional 2,127 shares during the last quarter. Northern Trust Corp lifted its position in shares of Buckle by 6.3% during the fourth quarter. Northern Trust Corp now owns 385,627 shares of the company's stock worth $19,594,000 after purchasing an additional 23,002 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Buckle by 2.2% during the fourth quarter. BNP Paribas Financial Markets now owns 90,181 shares of the company's stock worth $4,582,000 after purchasing an additional 1,926 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of Buckle by 16.6% during the fourth quarter. Baird Financial Group Inc. now owns 44,157 shares of the company's stock worth $2,244,000 after purchasing an additional 6,288 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Buckle by 80.9% during the fourth quarter. Deutsche Bank AG now owns 32,888 shares of the company's stock worth $1,671,000 after purchasing an additional 14,712 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Buckle news, Director John P. Peetz sold 1,500 shares of Buckle stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total value of $83,610.00. Following the transaction, the director owned 23,623 shares in the company, valued at $1,316,746.02. The trade was a 5.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brett P. Milkie sold 6,000 shares of Buckle stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $60.17, for a total value of $361,020.00. Following the completion of the transaction, the senior vice president owned 89,570 shares in the company, valued at $5,389,426.90. This trade represents a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 57,500 shares of company stock worth $3,320,030 over the last ninety days. 39.80% of the stock is currently owned by company insiders.

Buckle Trading Down 3.3%

Shares of Buckle stock traded down $2.06 during trading on Friday, hitting $59.52. 423,190 shares of the stock traded hands, compared to its average volume of 530,932. The firm has a market cap of $3.04 billion, a P/E ratio of 14.88 and a beta of 1.02. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $61.62. The stock's fifty day simple moving average is $53.13 and its 200 day simple moving average is $44.24.

Buckle (NYSE:BKE - Get Free Report) last announced its quarterly earnings results on Friday, August 22nd. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.83 by $0.06. The firm had revenue of $305.74 million for 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%.The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share.

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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Wednesday, October 15th. Buckle's payout ratio is 35.00%.

Analyst Upgrades and Downgrades

BKE has been the subject of several research analyst reports. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Saturday, September 6th. UBS Group raised their price target on Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.00.

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.