Legal & General Group Plc cut its position in Buckle Inc (NYSE:BKE) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,791 shares of the company’s stock after selling 575 shares during the quarter. Legal & General Group Plc owned 0.14% of Buckle worth $1,352,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Buckle by 4.2% during the third quarter. Bank of New York Mellon Corp now owns 811,449 shares of the company’s stock worth $18,704,000 after purchasing an additional 32,972 shares during the last quarter. BlackRock Inc. boosted its holdings in Buckle by 3.7% in the third quarter. BlackRock Inc. now owns 4,009,426 shares of the company’s stock valued at $92,418,000 after acquiring an additional 141,483 shares during the last quarter. Credit Suisse AG boosted its holdings in Buckle by 76.4% in the third quarter. Credit Suisse AG now owns 74,872 shares of the company’s stock valued at $1,726,000 after acquiring an additional 32,431 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Buckle in the third quarter valued at $512,000. Finally, Pacer Advisors Inc. boosted its holdings in Buckle by 233.6% in the third quarter. Pacer Advisors Inc. now owns 10,973 shares of the company’s stock valued at $253,000 after acquiring an additional 7,684 shares during the last quarter. Institutional investors own 69.07% of the company’s stock.

Shares of Buckle stock opened at $19.08 on Monday. Buckle Inc has a twelve month low of $16.85 and a twelve month high of $29.65. The firm has a market capitalization of $939.50 million, a P/E ratio of 9.69 and a beta of 0.47.

Buckle (NYSE:BKE) last issued its earnings results on Friday, March 15th. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.04. Buckle had a return on equity of 23.75% and a net margin of 10.80%. The firm had revenue of $264.40 million for the quarter, compared to analysts’ expectations of $267.55 million. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts forecast that Buckle Inc will post 1.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date is Thursday, April 11th. Buckle’s payout ratio is currently 50.76%.

BKE has been the topic of a number of research analyst reports. ValuEngine upgraded Buckle from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Deutsche Bank cut Buckle from a “hold” rating to a “sell” rating and set a $16.00 target price on the stock. in a report on Friday, March 8th. Finally, Zacks Investment Research upgraded Buckle from a “sell” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a report on Tuesday, January 29th.

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Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

See Also: Cost of equity and a company’s balance sheet

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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