Wells Fargo & Company MN boosted its holdings in shares of Buckle Inc (NYSE:BKE) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 958,812 shares of the company’s stock after purchasing an additional 32,030 shares during the period. Wells Fargo & Company MN owned approximately 1.96% of Buckle worth $16,155,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in shares of Buckle by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after acquiring an additional 100 shares in the last quarter. HighTower Advisors LLC increased its stake in Buckle by 0.3% in the 2nd quarter. HighTower Advisors LLC now owns 67,280 shares of the company’s stock valued at $1,197,000 after buying an additional 210 shares during the period. Texas Permanent School Fund increased its stake in Buckle by 1.3% in the 2nd quarter. Texas Permanent School Fund now owns 20,686 shares of the company’s stock valued at $368,000 after buying an additional 268 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Buckle by 4.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after buying an additional 290 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in Buckle by 6.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock valued at $305,000 after buying an additional 970 shares during the period. 59.65% of the stock is owned by institutional investors and hedge funds.
Buckle Inc (BKE) traded down $0.55 during trading hours on Friday, hitting $20.95. 576,680 shares of the stock were exchanged, compared to its average volume of 630,687. The company has a market cap of $1,050.09, a P/E ratio of 12.11 and a beta of 1.09. Buckle Inc has a one year low of $13.50 and a one year high of $25.11.
Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 17th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $224.30 million during the quarter, compared to the consensus estimate of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. equities research analysts anticipate that Buckle Inc will post 1.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, January 11th. Buckle’s dividend payout ratio (DPR) is currently 57.80%.
Several research firms have weighed in on BKE. ValuEngine upgraded shares of Buckle from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, November 1st.
In related news, VP Kyle Hanson sold 4,100 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the sale, the vice president now owns 24,900 shares in the company, valued at approximately $397,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $42,000.00. Following the sale, the director now owns 31,964 shares of the company’s stock, valued at approximately $671,244. The disclosure for this sale can be found here. Insiders have sold a total of 7,600 shares of company stock valued at $138,925 in the last quarter. 41.70% of the stock is currently owned by corporate insiders.
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The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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