Stevens Capital Partners Purchases New Shares in Buckle, Inc. (The) $BKE

Key Points

• Stevens Capital Partners acquired 61,446 Buckle shares worth approximately $2.59 million in the second quarter, giving it a 0.12% stake and making Buckle its 25th-largest holding.
• Institutional investors and hedge funds own 53.93% of Buckle, while Director Bill L. Fairfield sold 2,500 shares for $111,100; insiders retain 38.40% ownership.
• Buckle beat quarterly earnings expectations with EPS of $0.92 versus $0.74 expected, while revenue rose 6.1% year over year. The company pays a $0.35 quarterly dividend, and analysts maintain a “Hold” consensus with a $46 average price target.

Stevens Capital Partners acquired a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 61,446 shares of the company's stock, valued at approximately $2,593,000. Buckle makes up about 0.5% of Stevens Capital Partners' holdings, making the stock its 25th biggest position. Stevens Capital Partners owned 0.12% of Buckle at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in Buckle by 9.5% during the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock worth $3,618,000 after acquiring an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Buckle by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock worth $704,000 after purchasing an additional 797 shares during the period. Millennium Management LLC increased its holdings in shares of Buckle by 15.3% during the first quarter. Millennium Management LLC now owns 99,547 shares of the company's stock worth $3,815,000 after purchasing an additional 13,189 shares during the period. Geneos Wealth Management Inc. raised its position 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 buying an additional 617 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Buckle by 323.6% in the second quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company's stock valued at $1,241,000 after buying an additional 20,905 shares during the period. Institutional investors and hedge funds own 53.93% of the company's stock.

Insider Buying and Selling

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the sale, the director owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 38.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BKE shares. UBS Group dropped their price objective on Buckle from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Weiss Ratings downgraded Buckle from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.00.

Buckle Stock Performance

Shares of BKE stock opened at $43.09 on Wednesday. Buckle, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $61.69. The stock's fifty day moving average price is $43.71 and its two-hundred day moving average price is $48.48. The company has a market cap of $2.22 billion, a PE ratio of 9.88 and a beta of 1.10.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.18. The company had revenue of $288.74 million during the quarter, compared to analysts' expectations of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.Buckle's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle's dividend payout ratio is currently 32.11%.

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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