1 day Ago By Defense World Staff
Arizona State Retirement System trimmed its stake in shares of The Buckle, Inc. ( NYSE:BKE – Free Report ) by 5.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 8,530 shares of the company’s stock after selling 481 shares during the period. Arizona State Retirement System’s holdings in Buckle were worth $315,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also modified their holdings of BKE.
Norges Bank bought a new stake in shares of Buckle during the fourth quarter worth approximately $9,828,000. First Trust Advisors LP raised its stake in shares of Buckle by 30.3% during the fourth quarter.
First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after buying an additional 178,794 shares during the last quarter. Edgestream Partners L.P.
bought a new stake in shares of Buckle during the first quarter worth approximately $3,073,000. Vanguard Group Inc. increased its stake in Buckle by 1.
3% in the fourth quarter. Vanguard Group Inc. now owns 4,287,797 shares of the company’s stock valued at $203,756,000 after purchasing an additional 55,192 shares in the last quarter.
Finally, BNP Paribas Financial Markets increased its stake in Buckle by 67.9% in the first quarter. BNP Paribas Financial Markets now owns 110,875 shares of the company’s stock valued at $4,465,000 after purchasing an additional 44,850 shares in the last quarter.
53.93% of the stock is owned by institutional investors. Analyst Upgrades and Downgrades Several equities research analysts have commented on the stock.
StockNews.com downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. UBS Group lowered their target price on shares of Buckle from $32.
00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th. Buckle Trading Up 1.
0 % Shares of BKE opened at $44.53 on Wednesday. The Buckle, Inc.
has a 12 month low of $30.31 and a 12 month high of $48.15.
The firm has a fifty day simple moving average of $41.01 and a 200 day simple moving average of $38.85.
The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.50 and a beta of 1.
13. Buckle ( NYSE:BKE – Get Free Report ) last issued its earnings results on Friday, August 23rd. The company reported $0.
78 earnings per share (EPS) for the quarter. The company had revenue of $282.39 million for the quarter.
Buckle had a net margin of 16.69% and a return on equity of 46.17%.
Buckle Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.35 dividend.
The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.40 annualized dividend and a yield of 3.
14%. Buckle’s dividend payout ratio is currently 33.02%.
Insiders Place Their Bets In other Buckle news, CEO Dennis H. Nelson sold 900 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $40.
33, for a total transaction of $36,297.00. Following the transaction, the chief executive officer now owns 1,949,477 shares in the company, valued at approximately $78,622,407.
41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link . In related news, CEO Dennis H.
Nelson sold 900 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $40.33, for a total value of $36,297.
00. Following the transaction, the chief executive officer now directly owns 1,949,477 shares in the company, valued at $78,622,407.41.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, Director John P. Peetz sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 16th.
The shares were sold at an average price of $40.26, for a total transaction of $100,650.00.
Following the completion of the transaction, the director now owns 24,623 shares in the company, valued at $991,321.98. The disclosure for this sale can be found here .
Insiders sold 100,346 shares of company stock worth $4,126,478 over the last three months. Insiders own 39.80% of the company’s stock.
About Buckle ( Free Report ) 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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.
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