Public Sector Pension Investment Board Has $444,000 Position in Buckle Inc (BKE)
Public Sector Pension Investment Board continued to hold its stake in Buckle Inc (NYSE:BKE) during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,482 shares of the company’s stock at the end of the fourth quarter. Public Sector Pension Investment Board’s holdings in Buckle were worth $444,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. FMR LLC boosted its stake in Buckle by 12.7% in the fourth quarter. FMR LLC now owns 7,292,000 shares of the company’s stock worth $166,258,000 after buying an additional 820,200 shares during the last quarter. Baird Financial Group Inc. boosted its stake in Buckle by 4.8% in the fourth quarter. Baird Financial Group Inc. now owns 78,989 shares of the company’s stock worth $1,801,000 after buying an additional 3,612 shares during the last quarter. State Street Corp boosted its stake in Buckle by 4.5% in the fourth quarter. State Street Corp now owns 814,598 shares of the company’s stock worth $18,570,000 after buying an additional 35,132 shares during the last quarter. Comerica Bank boosted its stake in Buckle by 5.8% in the fourth quarter. Comerica Bank now owns 29,765 shares of the company’s stock worth $640,000 after buying an additional 1,637 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Buckle during the fourth quarter worth about $669,000. Institutional investors own 60.79% of the company’s stock.
Shares of Buckle Inc (NYSE:BKE) opened at 17.95 on Tuesday. The company has a market capitalization of $864.76 million, a PE ratio of 8.84 and a beta of 1.08. Buckle Inc has a 52 week low of $16.50 and a 52 week high of $35.02. The company’s 50 day moving average is $19.92 and its 200-day moving average is $22.35.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, March 10th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by $0.06. Buckle had a return on equity of 27.17% and a net margin of 11.32%. The business had revenue of $280 million for the quarter, compared to analyst estimates of $289.44 million. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, analysts expect that Buckle Inc will post $1.82 EPS for the current fiscal year.
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Separately, Deutsche Bank AG reiterated a “sell” rating and issued a $20.00 target price on shares of Buckle in a research note on Tuesday, November 29th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.33.
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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