Invesco Ltd. Has $12.63 Million Stake in Buckle, Inc. (The) $BKE

Key Points

• Invesco Ltd. increased its stake in Buckle, Inc. by 42.1% during the first quarter, acquiring an additional 97,679 shares, bringing its total ownership to approximately $12.63 million.
• Buckle reported a net income of $0.89 per share, exceeding analysts' expectations of $0.83 per share, with revenue of $305.74 million for the quarter, a growth of 8.3% from the previous year.
• The company recently announced a quarterly dividend of $0.35 per share, resulting in an annual yield of 2.5%, with a payout ratio of 35.99%.

Invesco Ltd. raised its stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 42.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 329,601 shares of the company's stock after buying an additional 97,679 shares during the period. Invesco Ltd. owned about 0.64% of Buckle worth $12,630,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BKE. Sierra Summit Advisors LLC acquired a new position in shares of Buckle during the 1st quarter worth approximately $304,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Buckle by 5.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,360,826 shares of the company's stock worth $52,147,000 after buying an additional 74,614 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Buckle in the first quarter valued at about $474,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Buckle by 36.3% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 13,208 shares of the company's stock valued at $506,000 after purchasing an additional 3,521 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Buckle during the 1st quarter valued at approximately $716,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Price Performance

Shares of NYSE BKE traded up $0.35 during mid-day trading on Thursday, reaching $57.20. 203,827 shares of the company traded hands, compared to its average volume of 536,711. The firm has a market cap of $2.93 billion, a PE ratio of 14.30 and a beta of 1.05. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $57.53. The stock has a fifty day simple moving average of $50.02 and a 200-day simple moving average of $42.84.

Buckle (NYSE:BKE - Get Free Report) last posted 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. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. During the same quarter last year, the business posted $0.78 EPS. The company's revenue was up 8.3% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. Buckle's dividend payout ratio (DPR) is 35.00%.

Insider Buying and Selling at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction 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 in the company, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Peetz sold 1,500 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total transaction of $83,610.00. Following the transaction, the director owned 23,623 shares in the company, valued at $1,316,746.02. This represents a 5.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,953 shares of company stock valued at $1,472,125 in the last quarter. Company insiders own 39.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group upped their price objective on shares of Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $54.00.

Buckle 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.