Hamlin Capital Management LLC increased its stake in shares of Buckle Inc. (NYSE:BKE) by 2.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,735,380 shares of the company’s stock after buying an additional 34,306 shares during the period. Buckle makes up about 2.2% of Hamlin Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Hamlin Capital Management LLC’s holdings in Buckle were worth $45,103,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Fund Advisors boosted its stake in shares of Buckle by 0.7% in the first quarter. BlackRock Fund Advisors now owns 1,842,758 shares of the company’s stock valued at $62,414,000 after buying an additional 12,505 shares during the last quarter. Creative Planning boosted its position in Buckle by 4.0% in the second quarter. Creative Planning now owns 19,882 shares of the company’s stock worth $517,000 after buying an additional 772 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Buckle during the first quarter worth about $912,000. Kennedy Capital Management Inc. boosted its position in Buckle by 36.4% in the first quarter. Kennedy Capital Management Inc. now owns 156,875 shares of the company’s stock worth $5,313,000 after buying an additional 41,848 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Buckle by 6.9% in the first quarter. JPMorgan Chase & Co. now owns 26,982 shares of the company’s stock worth $914,000 after buying an additional 1,744 shares during the last quarter. Institutional investors and hedge funds own 65.35% of the company’s stock.
Shares of Buckle Inc. (NYSE:BKE) traded down 1.85% during trading on Wednesday, hitting $23.84. The stock had a trading volume of 344,762 shares. Buckle Inc. has a 52 week low of $22.00 and a 52 week high of $38.30. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.90 and a beta of 1.10. The firm has a 50 day moving average price of $25.54 and a 200-day moving average price of $27.10.
Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The company earned $212.20 million during the quarter. Buckle had a return on equity of 30.53% and a net margin of 12.06%. Buckle’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Buckle Inc. will post $2.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 4.19%. Buckle’s dividend payout ratio (DPR) is currently 37.45%.
A number of research firms have issued reports on BKE. KeyCorp restated an “equal weight” rating on shares of Buckle in a report on Sunday, June 26th. Wedbush restated a “neutral” rating and set a $21.00 price target (down from $22.00) on shares of Buckle in a report on Sunday, September 4th. Zacks Investment Research upgraded Buckle from a “strong sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Deutsche Bank AG restated a “sell” rating on shares of Buckle in a report on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $29.80.
In other Buckle news, VP Kelli D. Molczyk sold 4,000 shares of Buckle stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $26.71, for a total value of $106,840.00. Following the transaction, the vice president now directly owns 21,163 shares of the company’s stock, valued at approximately $565,263.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kyle Hanson sold 1,000 shares of Buckle stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the transaction, the vice president now directly owns 25,400 shares in the company, valued at $666,750. The disclosure for this sale can be found here. 41.80% of the stock is owned by company 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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