Dimensional Fund Advisors LP Increases Stock Position in Buckle, Inc. (The) $BKE

Dimensional Fund Advisors LP lifted its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,342,045 shares of the company’s stock after buying an additional 30,128 shares during the period. Dimensional Fund Advisors LP’s holdings in Buckle were worth $67,582,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BKE. Geneos Wealth Management Inc. grew its holdings in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after acquiring an additional 617 shares during the period. Miller Capital Partners Inc. acquired a new stake in Buckle in the fourth quarter valued at $37,000. Hantz Financial Services Inc. lifted its holdings in Buckle by 51.6% in the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Buckle during the 3rd quarter worth $65,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Trading Down 0.6%

NYSE:BKE opened at $43.77 on Friday. The firm has a 50-day moving average price of $43.96 and a two-hundred day moving average price of $49.14. Buckle, Inc. has a twelve month low of $40.73 and a twelve month high of $61.69. The company has a market capitalization of $2.25 billion, a P/E ratio of 10.04 and a beta of 1.08.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company had revenue of $288.74 million for the quarter, compared to the consensus estimate of $287.68 million. During the same quarter in the prior year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle’s dividend payout ratio is 32.11%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Bill L. Fairfield sold 2,500 shares of Buckle stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director owned 52,908 shares in the company, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.