Man Group plc Buys New Shares in Buckle, Inc. (The) $BKE

Man Group plc purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE) during the second quarter, HoldingsChannel reports. The firm purchased 55,300 shares of the company’s stock, valued at approximately $2,334,000.

A number of other institutional investors have also made changes to their positions in BKE. Geneos Wealth Management Inc. boosted its position in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares during the period. Miller Capital Partners Inc. acquired a new position in shares of Buckle in the fourth quarter valued at approximately $37,000. Hantz Financial Services Inc. increased its stake in shares of Buckle by 51.6% during the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after purchasing an additional 239 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Buckle during the second quarter worth $48,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BKE has been the topic of several analyst reports. Weiss Ratings lowered shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. UBS Group reissued a “neutral” rating on shares of Buckle in a research note on Monday, August 24th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.00.

Insider Buying and Selling at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 38.40% of the stock is owned by insiders.

Buckle Stock Down 0.5%

Shares of BKE stock opened at $42.40 on Wednesday. The firm has a 50 day moving average of $43.45 and a 200-day moving average of $47.99. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 9.77 and a beta of 1.10. Buckle, Inc. has a 52 week low of $40.73 and a 52 week high of $61.69.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The company had revenue of $319.82 million for the quarter, compared to analysts’ expectations of $319.80 million. During the same quarter in the prior year, the firm earned $0.89 EPS. The business’s revenue was up 4.6% on a year-over-year basis.

Buckle Company Profile

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.