Maverick Capital Ltd. Decreases Stock Position in Buckle, Inc. (The) $BKE

Maverick Capital Ltd. lowered its position in Buckle, Inc. (The) (NYSE:BKE) by 76.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,316 shares of the company’s stock after selling 46,767 shares during the quarter. Maverick Capital Ltd.’s holdings in Buckle were worth $721,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BKE. Quantinno Capital Management LP raised its position in Buckle by 6.3% in the 1st quarter. Quantinno Capital Management LP now owns 11,277 shares of the company’s stock worth $568,000 after purchasing an additional 665 shares during the period. Lazard Asset Management LLC boosted its position in shares of Buckle by 1,066.8% during the first quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock valued at $14,987,000 after buying an additional 272,088 shares during the period. Renaissance Technologies LLC grew its stake in shares of Buckle by 6.6% during the first quarter. Renaissance Technologies LLC now owns 1,167,752 shares of the company’s stock valued at $58,808,000 after buying an additional 72,550 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Buckle by 46.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 18,779 shares of the company’s stock worth $946,000 after buying an additional 5,938 shares during the period. Finally, Inceptionr LLC purchased a new stake in shares of Buckle in the first quarter worth approximately $553,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Price Performance

NYSE:BKE opened at $45.52 on Wednesday. Buckle, Inc. has a 1-year low of $40.73 and a 1-year high of $61.69. The firm has a market cap of $2.35 billion, a PE ratio of 10.44 and a beta of 1.08. The company has a 50-day moving average of $44.24 and a 200 day moving average of $49.33.

Buckle (NYSE:BKE) last posted its earnings results on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company had revenue of $288.74 million during the quarter, compared to analyst estimates of $287.68 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. Buckle’s revenue was up 6.1% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Buckle’s dividend payout ratio is presently 32.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group dropped their price objective on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Wall Street Zen downgraded Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, Weiss Ratings cut shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $47.00.

Insider Buying and Selling at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of Buckle stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director owned 52,908 shares of the company’s stock, valued at $2,351,231.52. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 38.40% of the company’s stock.

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.