Stone Ridge Asset Management LLC Purchases Shares of 32,213 Buckle (BKE)
Stone Ridge Asset Management LLC purchased a new stake in Buckle (NYSE:BKE) in the 4th quarter, Holdings Channel reports. The fund purchased 32,213 shares of the company’s stock, valued at approximately $765,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of BKE. Schwab Charles Investment Management Inc. increased its position in shares of Buckle by 39.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 463,644 shares of the company’s stock worth $7,813,000 after acquiring an additional 131,594 shares in the last quarter. Trilogy Capital Inc. bought a new stake in shares of Buckle during the fourth quarter worth about $262,000. Ameriprise Financial Inc. increased its position in shares of Buckle by 3.4% during the third quarter. Ameriprise Financial Inc. now owns 238,720 shares of the company’s stock worth $4,021,000 after acquiring an additional 7,849 shares in the last quarter. Rhumbline Advisers increased its position in shares of Buckle by 12.5% during the third quarter. Rhumbline Advisers now owns 106,615 shares of the company’s stock worth $1,796,000 after acquiring an additional 11,830 shares in the last quarter. Finally, Morris Capital Advisors LLC bought a new stake in shares of Buckle during the fourth quarter worth about $234,000. 64.93% of the stock is owned by hedge funds and other institutional investors.
In other Buckle news, VP Diane L. Applegate sold 1,200 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $20.84, for a total value of $25,008.00. Following the completion of the sale, the vice president now directly owns 20,500 shares of the company’s stock, valued at approximately $427,220. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 41.70% of the company’s stock.
Buckle (NYSE:BKE) last posted its earnings results on Friday, March 16th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $281.20 million during the quarter, compared to the consensus estimate of $280.04 million. Buckle had a net margin of 9.82% and a return on equity of 20.98%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. equities analysts anticipate that Buckle will post 1.73 EPS for the current fiscal year.
BKE has been the subject of several recent research reports. TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research report on Friday, March 16th. Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday. Finally, ValuEngine raised shares of Buckle from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Buckle presently has a consensus rating of “Hold” and a consensus price target of $18.00.
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It operates stores under the Buckle and The Buckle names.
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