Impala Asset Management LLC Has $16.57 Million Stock Holdings 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 holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 37.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 432,080 shares of the company's stock after purchasing an additional 116,833 shares during the period. Buckle accounts for approximately 10.7% of Impala Asset Management LLC's portfolio, making the stock its 4th largest holding. Impala Asset Management LLC owned approximately 0.84% of Buckle worth $16,571,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of 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 purchasing an additional 617 shares during the last quarter. State of Wyoming purchased a new position in Buckle during the fourth quarter worth $111,000. Viking Fund Management LLC acquired a new position in shares of Buckle in the first quarter worth $115,000. Novem Group purchased a new stake in shares of Buckle in the fourth quarter valued at $227,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Buckle during the first quarter valued at $232,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Buckle Stock Performance

Shares of BKE stock traded up $2.00 on Monday, hitting $61.48. The stock had a trading volume of 181,759 shares, compared to its average volume of 538,285. The stock's 50 day moving average is $53.13 and its 200-day moving average is $44.24. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.35 and a beta of 1.02. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $61.69.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, August 22nd. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates 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 16.12% and a return on equity of 43.97%. The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. Buckle's dividend payout ratio is currently 35.00%.

Insiders Place Their Bets

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

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.