Thrivent Financial for Lutherans Acquires 1,194 Shares of Buckle Inc (NYSE:BKE)

Thrivent Financial for Lutherans increased its holdings in shares of Buckle Inc (NYSE:BKE) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,927 shares of the company’s stock after acquiring an additional 1,194 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Buckle were worth $328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. boosted its holdings in Buckle by 130.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,573,941 shares of the company’s stock valued at $35,290,000 after purchasing an additional 1,457,004 shares during the period. State Street Corp increased its holdings in shares of Buckle by 1.1% during the first quarter. State Street Corp now owns 1,117,449 shares of the company’s stock worth $15,320,000 after purchasing an additional 12,228 shares during the period. Renaissance Technologies LLC raised its position in shares of Buckle by 20.4% in the fourth quarter. Renaissance Technologies LLC now owns 936,450 shares of the company’s stock valued at $25,322,000 after buying an additional 158,600 shares in the last quarter. Norges Bank bought a new stake in shares of Buckle in the fourth quarter valued at approximately $12,787,000. Finally, Geode Capital Management LLC grew its position in Buckle by 4.7% during the first quarter. Geode Capital Management LLC now owns 402,522 shares of the company’s stock worth $5,517,000 after buying an additional 18,037 shares in the last quarter. Institutional investors and hedge funds own 66.80% of the company’s stock.

Shares of BKE opened at $15.68 on Wednesday. The firm has a 50 day simple moving average of $15.36 and a two-hundred day simple moving average of $19.67. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.45 and a quick ratio of 1.57. Buckle Inc has a one year low of $11.76 and a one year high of $28.52. The company has a market cap of $765.83 million, a P/E ratio of 9.75 and a beta of 1.20.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, May 22nd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.10). Buckle had a net margin of 9.52% and a return on equity of 19.54%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $119.67 million. During the same quarter in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was down 42.7% on a year-over-year basis. On average, analysts expect that Buckle Inc will post 1.28 earnings per share for the current fiscal year.

Several equities analysts have weighed in on BKE shares. TheStreet downgraded Buckle from a “b” rating to a “c+” rating in a research report on Friday, March 27th. Cfra downgraded Buckle from a “hold” rating to a “sell” rating and dropped their price target for the company from $14.00 to $11.00 in a research note on Tuesday, May 26th. Finally, Zacks Investment Research upgraded shares of Buckle from a “strong sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research note on Monday, June 8th.

Buckle 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.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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