Quantbot Technologies LP Invests $398,000 in Buckle, Inc. (The) $BKE

Key Points

• Quantbot Technologies LP has acquired a new position in Buckle, Inc., purchasing 10,393 shares valued at approximately $398,000 during the first quarter.
• Buckle recently reported a 0.89 EPS for its latest quarter, exceeding estimates, and experienced an 8.3% increase in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.35 per share, translating to an annualized dividend yield of 2.5% with a payout ratio of 35%.

Quantbot Technologies LP bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,393 shares of the company's stock, valued at approximately $398,000.

A number of other hedge funds also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Buckle by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,377 shares of the company's stock worth $926,000 after acquiring an additional 2,727 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Buckle by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 165,324 shares of the company's stock valued at $6,335,000 after purchasing an additional 3,688 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Buckle by 36.3% in the 1st 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 last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Buckle by 21.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock valued at $623,000 after purchasing an additional 2,127 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Buckle by 3.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock valued at $893,000 after acquiring an additional 571 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company's stock.

Insider Buying and Selling at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total value of $890,114.56. Following the transaction, the chief executive officer directly owned 1,655,204 shares of the company's stock, valued at $72,034,478.08. This represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James E. Shada sold 10,000 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total transaction of $498,400.00. Following the completion of the transaction, the director directly owned 85,352 shares in the company, valued at approximately $4,253,943.68. This represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,953 shares of company stock valued at $1,472,125 in the last three months. 39.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Buckle Stock Down 1.6%

Shares of BKE stock traded down $0.90 on Friday, reaching $56.60. The stock had a trading volume of 516,816 shares, compared to its average volume of 574,803. The firm's 50-day moving average is $50.50 and its two-hundred day moving average is $43.02. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.15 and a beta of 1.05. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $57.83.

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

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's dividend payout ratio is currently 35.00%.

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.