Buckle Inc (BKE) Position Lifted by Rhumbline Advisers
Rhumbline Advisers boosted its position in Buckle Inc (NYSE:BKE) by 12.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,615 shares of the company’s stock after buying an additional 11,830 shares during the quarter. Rhumbline Advisers owned approximately 0.22% of Buckle worth $1,796,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of BKE. Victory Capital Management Inc. increased its position in Buckle by 5,476.3% during the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock worth $22,603,000 after buying an additional 1,317,382 shares during the last quarter. State Street Corp lifted its stake in shares of Buckle by 28.5% in the first quarter. State Street Corp now owns 1,046,933 shares of the company’s stock valued at $19,468,000 after buying an additional 232,335 shares during the period. Sprott Inc. lifted its stake in shares of Buckle by 21.4% in the third quarter. Sprott Inc. now owns 255,000 shares of the company’s stock valued at $4,297,000 after buying an additional 45,000 shares during the period. Parametric Portfolio Associates LLC lifted its stake in shares of Buckle by 28.7% in the second quarter. Parametric Portfolio Associates LLC now owns 168,314 shares of the company’s stock valued at $2,996,000 after buying an additional 37,566 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Buckle by 12.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 332,050 shares of the company’s stock valued at $5,911,000 after buying an additional 36,651 shares during the period. 59.76% of the stock is owned by institutional investors.
Buckle Inc (BKE) opened at $22.10 on Wednesday. Buckle Inc has a 52 week low of $13.50 and a 52 week high of $25.05. The firm has a market cap of $1,103.81, a PE ratio of 13.06 and a beta of 1.10.
Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The business had revenue of $224.30 million for the quarter, compared to analyst estimates of $224.12 million. During the same quarter in the prior year, the business earned $0.49 EPS. Buckle’s quarterly revenue was down 6.2% on a year-over-year basis. equities research analysts forecast that Buckle Inc will post 1.7 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a $0.25 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.00 dividend on an annualized basis and a yield of 4.52%. Buckle’s dividend payout ratio (DPR) is currently 57.80%.
Several analysts have recently weighed in on BKE shares. Deutsche Bank dropped their price objective on shares of Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a report on Friday, August 18th. ValuEngine raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, November 1st.
In other Buckle news, SVP Brett P. Milkie sold 1,500 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $21.02, for a total value of $31,530.00. Following the completion of the sale, the senior vice president now owns 32,070 shares of the company’s stock, valued at approximately $674,111.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kyle Hanson sold 4,100 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $15.95, for a total transaction of $65,395.00. Following the completion of the sale, the vice president now directly owns 24,900 shares of the company’s stock, valued at approximately $397,155. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,600 shares of company stock worth $138,925. 41.70% of the stock is owned by company insiders.
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The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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