Sierra Summit Advisors LLC Invests $799,000 in Buckle, Inc. (The) $BKE

Sierra Summit Advisors LLC acquired a new position in Buckle, Inc. (The) (NYSE:BKE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,955 shares of the company’s stock, valued at approximately $799,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares during the period. Hantz Financial Services Inc. increased its stake in Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after buying an additional 208 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after buying an additional 592 shares during the last quarter. Quarry LP purchased a new stake in shares of Buckle during the 3rd quarter valued at $65,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Buckle during the 3rd quarter valued at $74,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group decreased their price objective on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, March 16th. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, Weiss Ratings raised Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Buckle Trading Up 1.8%

Buckle stock opened at $48.95 on Friday. Buckle, Inc. has a 1-year low of $39.06 and a 1-year high of $61.69. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 11.82 and a beta of 1.16. The firm has a 50 day simple moving average of $51.79 and a 200 day simple moving average of $53.30.

Buckle (NYSE:BKE) last posted its earnings results on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.08. The business had revenue of $399.14 million during the quarter, compared to analyst estimates of $396.45 million. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Wednesday, April 15th. Buckle’s payout ratio is presently 33.82%.

Insider Transactions at Buckle

In other Buckle news, SVP Michelle Hoffman sold 29,281 shares of Buckle stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the completion of the transaction, the senior vice president owned 45,882 shares of the company’s stock, valued at $2,253,723.84. The trade was a 38.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kari G. Smith sold 48,860 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total transaction of $2,462,055.40. Following the transaction, the executive vice president owned 76,754 shares of the company’s stock, valued at $3,867,634.06. This trade represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 126,200 shares of company stock valued at $6,517,932 in the last ninety days. Insiders own 39.00% of the company’s stock.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.