Chicago Equity Partners LLC Acquires New Stake in Buckle Inc (NYSE:BKE)

Chicago Equity Partners LLC purchased a new position in shares of Buckle Inc (NYSE:BKE) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 32,660 shares of the company’s stock, valued at approximately $776,000. Chicago Equity Partners LLC owned 0.07% of Buckle at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BKE. Teachers Advisors LLC boosted its stake in Buckle by 2.1% during the 2nd quarter. Teachers Advisors LLC now owns 51,502 shares of the company’s stock valued at $917,000 after purchasing an additional 1,083 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Buckle by 7.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 80,609 shares of the company’s stock worth $1,435,000 after buying an additional 5,749 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Buckle by 2.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 230,871 shares of the company’s stock worth $4,110,000 after buying an additional 5,045 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in shares of Buckle by 6.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock worth $305,000 after buying an additional 970 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Buckle by 2.0% during the 2nd quarter. Northern Trust Corp now owns 373,222 shares of the company’s stock worth $6,644,000 after buying an additional 7,399 shares in the last quarter. Hedge funds and other institutional investors own 59.33% of the company’s stock.

In other Buckle news, SVP Brett P. Milkie sold 1,500 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $21.02, for a total value of $31,530.00. Following the sale, the senior vice president now owns 32,070 shares in the company, valued at $674,111.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of the company’s 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 completion of the sale, the director now owns 31,964 shares in the company, valued at approximately $671,244. The disclosure for this sale can be found here. Insiders sold 4,700 shares of company stock valued at $98,538 over the last three months. 41.70% of the stock is currently owned by insiders.

Buckle Inc (BKE) remained flat at $$21.95 on Friday. 644,052 shares of the company’s stock traded hands, compared to its average volume of 520,784. Buckle Inc has a 52-week low of $13.50 and a 52-week high of $25.11. The stock has a market capitalization of $1,072.07, a PE ratio of 12.69 and a beta of 0.97.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The company had revenue of $224.30 million during the quarter, compared to analyst estimates of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. sell-side analysts anticipate that Buckle Inc will post 1.74 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 12th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.56%. The ex-dividend date was Thursday, January 11th. Buckle’s dividend payout ratio is presently 57.80%.

BKE has been the topic of a number of research reports. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, November 1st. ValuEngine upgraded shares of Buckle from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st.

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Buckle Profile

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.

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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