BNP Paribas Arbitrage SA reduced its position in shares of Buckle Inc. (NYSE:BKE) by 44.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,415 shares of the company’s stock after selling 4,324 shares during the period. BNP Paribas Arbitrage SA’s holdings in Buckle were worth $130,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Buckle by 14.1% in the second quarter. FMR LLC now owns 7,271,631 shares of the company’s stock worth $188,990,000 after buying an additional 896,298 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Buckle during the second quarter worth $19,001,000. Schroder Investment Management Group raised its position in Buckle by 37.0% in the second quarter. Schroder Investment Management Group now owns 1,931,983 shares of the company’s stock worth $50,212,000 after buying an additional 522,000 shares during the last quarter. BlackRock Fund Advisors raised its position in Buckle by 3.5% in the second quarter. BlackRock Fund Advisors now owns 1,906,753 shares of the company’s stock worth $49,557,000 after buying an additional 63,995 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Buckle by 961.2% in the second quarter. Guggenheim Capital LLC now owns 65,623 shares of the company’s stock worth $1,706,000 after buying an additional 59,439 shares during the last quarter. 65.35% of the stock is owned by institutional investors.
Buckle Inc. (NYSE:BKE) opened at 21.45 on Thursday. The firm has a 50-day moving average of $24.32 and a 200 day moving average of $26.35. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.01 and a beta of 1.20. Buckle Inc. has a 12-month low of $20.85 and a 12-month high of $36.16.
Buckle (NYSE:BKE) last released its earnings results on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The firm earned $212.20 million during the quarter. During the same period in the previous year, the business earned $0.49 EPS. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities analysts predict that Buckle Inc. will post $2.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s dividend payout ratio (DPR) is presently 37.45%.
A number of research firms recently weighed in on BKE. Wedbush restated a “neutral” rating and set a $21.00 price target (down from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Zacks Investment Research lowered shares of Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Deutsche Bank AG restated a “sell” rating and set a $22.00 price target on shares of Buckle in a research report on Tuesday, July 5th. Finally, KeyCorp restated an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Buckle presently has an average rating of “Hold” and a consensus price target of $29.80.
In other news, VP Kyle Hanson sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 19th. The shares were sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the sale, the vice president now owns 25,400 shares in the company, valued at approximately $666,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 41.80% of the stock is currently owned by insiders.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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