Redhawk Wealth Advisors Inc. grew its stake in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,541 shares of the company's stock after acquiring an additional 5,771 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Buckle were worth $825,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Buckle during the fourth quarter worth about $31,000. Caption Management LLC bought a new stake in shares of Buckle during the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC boosted its stake in Buckle by 268.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 825 shares of the company's stock valued at $42,000 after purchasing an additional 601 shares during the period. Bellwether Advisors LLC acquired a new stake in shares of Buckle in the 4th quarter worth approximately $43,000. Finally, Blue Trust Inc. lifted its stake in Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock valued at $70,000 after purchasing an additional 585 shares during the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BKE has been the subject of a number of recent analyst reports. Wall Street Zen raised Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a research note on Wednesday, May 14th.
Check Out Our Latest Report on Buckle
Buckle Stock Down 0.2%
NYSE BKE traded down $0.07 on Thursday, hitting $43.59. The company's stock had a trading volume of 272,557 shares, compared to its average volume of 472,361. The company's 50-day moving average is $38.26 and its 200 day moving average is $43.12. The Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $54.25. The firm has a market cap of $2.23 billion, a PE ratio of 11.06 and a beta of 1.03.
Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.05. The business had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company's revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share.
Buckle Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. Buckle's dividend payout ratio is currently 35.99%.
Insider Buying and Selling
In other Buckle news, CEO Dennis H. Nelson sold 2,320 shares of the stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $36.31, for a total value of $84,239.20. Following the completion of the sale, the chief executive officer now owns 1,743,375 shares in the company, valued at approximately $63,301,946.25. This represents a 0.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 114,811 shares of company stock worth $4,596,951 in the last 90 days. 39.00% of the stock is owned by corporate insiders.
About Buckle
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Free Report)
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.
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