Engineers Gate Manager LP bought a new stake in Buckle Inc (NYSE:BKE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,766 shares of the company’s stock, valued at approximately $1,007,000. Engineers Gate Manager LP owned 0.12% of Buckle at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. raised its position in shares of Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock worth $7,813,000 after purchasing an additional 131,594 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Buckle by 3.5% during the third quarter. Wells Fargo & Company MN now owns 958,812 shares of the company’s stock worth $16,155,000 after buying an additional 32,030 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Buckle by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock worth $4,021,000 after buying an additional 7,849 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Buckle by 12.5% during the third quarter. Rhumbline Advisers now owns 106,615 shares of the company’s stock worth $1,796,000 after buying an additional 11,830 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of Buckle by 59.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock worth $179,000 after buying an additional 3,980 shares in the last quarter. 59.76% of the stock is currently owned by hedge funds and other institutional investors.
Buckle Inc (BKE) opened at $22.40 on Thursday. The stock has a market capitalization of $1,079.39, a PE ratio of 12.77 and a beta of 1.10. Buckle Inc has a fifty-two week low of $13.50 and a fifty-two week high of $24.85.
Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $224.30 million during the quarter, compared to the consensus estimate of $224.12 million. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. equities analysts expect that Buckle Inc will post 1.7 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.46%. Buckle’s dividend payout ratio is 57.80%.
A number of research analysts recently issued reports on the company. ValuEngine upgraded Buckle from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded 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. Finally, Deutsche Bank decreased their price objective on Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a report on Friday, August 18th.
In other Buckle news, SVP Brett P. Milkie sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total value of $31,530.00. Following the completion of the transaction, the senior vice president now directly owns 32,070 shares in the company, valued at $674,111.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kyle Hanson sold 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the transaction, the vice president now owns 24,900 shares of the company’s stock, valued at $397,155. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,600 shares of company stock valued at $138,925. Corporate insiders own 41.70% of the company’s stock.
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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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