Oppenheimer & Co. Inc. Boosts Stake in Buckle Inc. (BKE)
Oppenheimer & Co. Inc. boosted its position in Buckle Inc. (NYSE:BKE) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 12,350 shares of the company’s stock after buying an additional 50 shares during the period. Oppenheimer & Co. Inc.’s holdings in Buckle were worth $321,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Buckle by 3.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,118 shares of the company’s stock worth $106,000 after buying an additional 100 shares in the last quarter. BlackRock Inc. increased its stake in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock worth $142,000 after buying an additional 2,358 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Buckle by 90.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,739 shares of the company’s stock worth $253,000 after buying an additional 4,636 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Buckle by 12.7% in the second quarter. PNC Financial Services Group Inc. now owns 12,337 shares of the company’s stock worth $320,000 after buying an additional 1,389 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Buckle by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the company’s stock worth $322,000 after buying an additional 100 shares in the last quarter. Institutional investors own 65.35% of the company’s stock.
Buckle Inc. (NYSE:BKE) remained flat at $24.18 during midday trading on Wednesday. 234,602 shares of the company’s stock were exchanged. The firm has a market cap of $1.16 billion, a PE ratio of 9.03 and a beta of 1.10. Buckle Inc. has a 12-month low of $22.00 and a 12-month high of $38.61. The stock’s 50 day moving average price is $25.73 and its 200-day moving average price is $27.36.
Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $212.20 million for the quarter. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.49 earnings per share. Equities research analysts expect that Buckle Inc. will post $2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, October 12th. Buckle’s dividend payout ratio is presently 37.45%.
BKE has been the subject of a number of recent research reports. KeyCorp reissued an “equal weight” rating on shares of Buckle in a report on Sunday, June 26th. Wedbush reissued a “neutral” rating and issued a $21.00 target price (down from $22.00) on shares of Buckle in a report on Sunday, September 4th. Zacks Investment Research raised Buckle from a “strong sell” rating to a “hold” rating in a report on Monday, July 25th. Finally, Deutsche Bank AG reissued a “sell” rating on shares of Buckle in a report on Tuesday, May 31st. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.80.
In other news, VP Kyle Hanson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total transaction of $26,250.00. Following the completion of the sale, the vice president now owns 25,400 shares in the company, valued at $666,750. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the business’s 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 sale, the vice president now owns 21,163 shares of the company’s stock, valued at approximately $565,263.73. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
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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