Fox Run Management L.L.C. Purchases Shares of 8,530 Buckle, Inc. (The) $BKE

Key Points

• Fox Run Management L.L.C. has acquired 8,530 shares of Buckle, Inc. for approximately $327,000, reflecting growing interest from institutional investors in the company.
• Buckle reported earnings of $0.70 per share, exceeding analysts' expectations, with a revenue increase of 3.7% year-over-year to $272.12 million.
• The company recently announced a quarterly dividend of $0.35, which translates to an annualized yield of 2.5% and a payout ratio of 35.99%.

Fox Run Management L.L.C. acquired a new stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,530 shares of the company's stock, valued at approximately $327,000.

Other hedge funds also recently bought and sold shares of the company. Caption Management LLC purchased a new stake in Buckle during the fourth quarter valued at about $36,000. Bellwether Advisors LLC purchased a new stake in Buckle during the fourth quarter valued at about $43,000. State of Wyoming purchased a new stake in shares of Buckle in the fourth quarter worth approximately $111,000. Viking Fund Management LLC purchased a new stake in shares of Buckle in the first quarter worth approximately $115,000. Finally, Novem Group purchased a new stake in shares of Buckle in the fourth quarter worth approximately $227,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the transaction, the chief executive officer owned 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Shada sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the transaction, the director directly owned 85,352 shares in the company, valued at approximately $4,253,943.68. The trade was a 10.49% decrease in their position. The disclosure for this sale can be found here. 39.00% of the stock is currently owned by company insiders.

Buckle Price Performance

BKE traded up $1.4080 during midday trading on Friday, hitting $56.2580. 1,035,413 shares of the company's stock traded hands, compared to its average volume of 508,764. The company has a market cap of $2.88 billion, a PE ratio of 14.06 and a beta of 1.05. The stock's fifty day simple moving average is $49.34 and its 200-day simple moving average is $42.59. Buckle, Inc. has a one year low of $33.12 and a one year high of $57.53.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $0.89 earnings per share 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 net margin of 15.95% and a return on equity of 43.13%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 earnings per share.

Buckle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Investors of record on Tuesday, July 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 35.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKE. UBS Group increased their price target on shares of Buckle from $40.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Buckle has an average rating of "Hold" and an average price target of $51.00.

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.