Nuveen LLC Purchases Shares of 100,463 Buckle, Inc. (The) $BKE

Key Points

• Nuveen LLC acquired approximately 100,463 shares of Buckle, Inc., valued at about $3.85 million, representing a 0.20% ownership stake after the first quarter of 2023.
• Buckle recently announced that it will pay a quarterly dividend of $0.35, with a dividend yield of 2.5% and a payout ratio of 35%.
• The stock price of Buckle had a 52-week range from $33.12 to $57.53, and it has shown a year-over-year revenue growth of 8.3%, with recent quarterly earnings of $0.89 per share, exceeding expectations.

Nuveen LLC acquired a new stake in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 100,463 shares of the company's stock, valued at approximately $3,850,000. Nuveen LLC owned approximately 0.20% of Buckle as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Caption Management LLC bought a new stake in shares of Buckle in the 4th quarter worth approximately $36,000. State of Wyoming purchased a new stake in Buckle during the 4th quarter valued at $111,000. Viking Fund Management LLC purchased a new stake in shares of Buckle in the 1st quarter worth $115,000. Novem Group purchased a new stake in shares of Buckle in the 4th quarter worth $227,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Buckle in the 1st quarter worth $232,000. 53.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a report on Friday, May 23rd. UBS Group raised their price objective on Buckle from $51.00 to $54.00 and gave the company a "neutral" rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.00.

Buckle Stock Down 1.6%

BKE traded down $0.90 on Monday, hitting $56.60. The company had a trading volume of 516,816 shares, compared to its average volume of 580,785. The company has a market cap of $2.90 billion, a PE ratio of 14.15 and a beta of 1.02. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $57.83. The business's fifty day simple moving average is $50.50 and its 200 day simple moving average is $43.03.

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

Insider Activity

In other news, CEO Dennis H. Nelson sold 20,453 shares of Buckle 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 completion of the sale, the chief executive officer owned 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James E. Shada sold 10,000 shares of Buckle 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 sale, the director directly owned 85,352 shares of the company's stock, valued at $4,253,943.68. This represents a 10.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,953 shares of company stock valued at $1,472,125. Corporate insiders own 39.00% 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.