Landscape Capital Management L.L.C. Makes New $2.59 Million Investment in Buckle, Inc. (The) $BKE

Key Points

• Landscape Capital Management initiated a $2.59 million position in Buckle, purchasing 61,287 shares and owning approximately 0.12% of the retailer. Institutional investors collectively hold 53.93% of Buckle’s outstanding stock.
• Buckle reported quarterly earnings of $0.87 per share, exceeding analyst expectations of $0.81, while revenue rose 4.6% year over year to $319.82 million. The company also pays a quarterly dividend of $0.35, representing a 3.2% annualized yield.
• BKE recently traded at $43.80, well below its 52-week high of $61.69. Analysts maintain a consensus “Hold” rating with a $46 price target, while UBS lowered its target to $46.

Landscape Capital Management L.L.C. bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,287 shares of the company's stock, valued at approximately $2,586,000. Landscape Capital Management L.L.C. owned about 0.12% of Buckle at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Miller Capital Partners Inc. acquired a new position in Buckle during the fourth quarter worth $37,000. Hantz Financial Services Inc. boosted its stake in Buckle by 51.6% during the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company's stock worth $38,000 after buying an additional 239 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company's stock valued at $43,000 after buying an additional 592 shares in the last quarter. Finally, Quarry LP purchased a new stake in Buckle in the 3rd quarter valued at $65,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Performance

BKE stock opened at $43.80 on Friday. Buckle, Inc. has a one year low of $40.73 and a one year high of $61.69. The firm has a market cap of $2.26 billion, a PE ratio of 10.09 and a beta of 1.10. The firm's 50 day moving average price is $43.61 and its 200-day moving average price is $48.38.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million during the quarter, compared to analyst estimates of $319.80 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle's dividend payout ratio is 32.11%.

Analysts Set New Price Targets

Several research firms have recently commented on BKE. Weiss Ratings lowered Buckle from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 14th. UBS Group dropped their price objective on shares of Buckle from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.00.

Insider Buying and Selling at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the firm's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares of the company's stock, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 38.40% of the company's stock.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.

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