Impala Asset Management LLC Raises Stock Position in Buckle, Inc. (The) $BKE

Key Points

• Impala Asset Management LLC increased its stake in Buckle, Inc. by 37.1% in Q1, owning 432,080 shares valued at approximately $16.6 million, making Buckle its 4th largest holding.
• Insiders sold a total of 57,500 shares worth about $3.3 million in the last 90 days, with Director James E. Shada and EVP Kari G. Smith both selling 20,000 shares each.
• Buckle reported an EPS of $0.89 for the last quarter, exceeding the consensus estimate by $0.06 and showing an 8.3% year-on-year revenue increase.

Impala Asset Management LLC raised its position in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 37.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 432,080 shares of the company's stock after purchasing an additional 116,833 shares during the period. Buckle makes up about 10.7% of Impala Asset Management LLC's investment portfolio, making the stock its 4th biggest holding. Impala Asset Management LLC owned about 0.84% of Buckle worth $16,571,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in Buckle by 1,928.1% during the 1st 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. State of Wyoming acquired a new stake in Buckle during the 4th quarter worth approximately $111,000. Viking Fund Management LLC acquired a new stake in Buckle during the 1st quarter worth approximately $115,000. Novem Group acquired a new stake in shares of Buckle in the fourth quarter valued at approximately $227,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Buckle in the first quarter valued at approximately $232,000. 53.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director James E. Shada sold 20,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the director owned 55,352 shares of the company's stock, valued at $3,292,890.48. This represents a 26.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kari G. Smith sold 20,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $59.36, for a total value of $1,187,200.00. Following the completion of the transaction, the executive vice president directly owned 150,354 shares of the company's stock, valued at $8,925,013.44. This represents a 11.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,500 shares of company stock worth $3,320,030 in the last ninety days. Insiders own 39.80% of the company's stock.

Buckle Stock Up 0.1%

BKE opened at $59.11 on Wednesday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.76 and a beta of 1.02. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $60.55. The company has a 50-day simple moving average of $52.37 and a 200 day simple moving average of $43.79.

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

Buckle Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their target price on shares of 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 raised shares of Buckle from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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