Trilogy Capital Inc. purchased a new stake in shares of Buckle Inc (NYSE:BKE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,047 shares of the company’s stock, valued at approximately $262,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BKE. C M Bidwell & Associates Ltd. purchased a new position in Buckle during the 4th quarter worth approximately $105,000. Public Employees Retirement System of Ohio grew its position in Buckle by 14.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock worth $142,000 after purchasing an additional 995 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its position in Buckle by 59.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock worth $179,000 after purchasing an additional 3,980 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Buckle by 17.8% during the 2nd quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after acquiring an additional 2,102 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Buckle during the 4th quarter valued at $255,000. 62.58% of the stock is currently owned by institutional investors.
Buckle Inc (NYSE BKE) remained flat at $$21.95 during midday trading on Monday. 644,000 shares of the stock were exchanged, compared to its average volume of 628,109. The firm has a market cap of $1,072.07, a P/E ratio of 12.69 and a beta of 0.97. Buckle Inc has a twelve month low of $13.50 and a twelve month high of $25.11.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm had revenue of $224.30 million for the quarter, compared to analysts’ expectations of $224.12 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. analysts predict that Buckle Inc will post 1.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 12th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.00 annualized dividend and a yield of 4.56%. Buckle’s dividend payout ratio is currently 57.80%.
In related news, SVP Brett P. Milkie sold 1,500 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $21.02, for a total value of $31,530.00. Following the transaction, the senior vice president now directly owns 32,070 shares in the company, valued at $674,111.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Diane L. Applegate sold 1,200 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $20.84, for a total transaction of $25,008.00. Following the completion of the sale, the vice president now owns 20,500 shares in the company, valued at $427,220. The disclosure for this sale can be found here. Corporate insiders own 41.70% of the company’s stock.
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of Buckle from a “buy” rating to a “strong-buy” rating in a report 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 research note on Wednesday, November 1st.
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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