Dynamic Technology Lab Private Ltd Buys New Position in Buckle, Inc. (The) $BKE

Dynamic Technology Lab Private Ltd purchased a new position in Buckle, Inc. (The) (NYSE:BKE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,280 shares of the company’s stock, valued at approximately $838,000.

Several other institutional investors also recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in Buckle by 376.3% in the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after purchasing an additional 228,260 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Buckle by 322.4% in the 2nd quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock worth $7,556,000 after buying an additional 127,177 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Buckle by 119.3% during the second quarter. AQR Capital Management LLC now owns 207,057 shares of the company’s stock valued at $9,390,000 after purchasing an additional 112,649 shares during the period. TrueMark Investments LLC acquired a new position in Buckle during the 3rd quarter valued at about $6,604,000. Finally, Bank of America Corp DE raised its holdings in Buckle by 74.9% during the second quarter. Bank of America Corp DE now owns 245,140 shares of the company’s stock worth $11,117,000 after purchasing an additional 105,017 shares in the last quarter. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Down 1.4%

NYSE BKE opened at $50.18 on Tuesday. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69. The company’s 50-day simple moving average is $52.58 and its 200 day simple moving average is $55.28. The stock has a market cap of $2.57 billion, a P/E ratio of 12.30 and a beta of 1.17.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKE. UBS Group reissued a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $55.00.

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.