212,224 Shares in Buckle, Inc. (The) $BKE Acquired by Palisade Capital Management LP

Palisade Capital Management LP purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 212,224 shares of the company’s stock, valued at approximately $8,956,000.

A number of other hedge funds also recently made changes to their positions in BKE. AQR Capital Management LLC increased its holdings in shares of Buckle by 9.5% during the 1st quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock worth $3,618,000 after buying an additional 8,202 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Buckle by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after acquiring an additional 797 shares during the last quarter. Millennium Management LLC grew its position in Buckle by 15.3% during the first quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after acquiring an additional 13,189 shares during the period. Geneos Wealth Management Inc. increased its stake 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 last quarter. Finally, Russell Investments Group Ltd. increased its stake in Buckle by 323.6% during the second quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock worth $1,241,000 after acquiring an additional 20,905 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Trading Down 1.9%

NYSE:BKE opened at $43.58 on Wednesday. The firm’s fifty day simple moving average is $43.61 and its 200 day simple moving average is $48.31. Buckle, Inc. has a twelve month low of $40.73 and a twelve month high of $61.69. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 10.04 and a beta of 1.10.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.06. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The firm had revenue of $319.82 million during the quarter, compared to the consensus estimate of $319.80 million. During the same period in the prior year, the firm earned $0.89 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.35 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. Buckle’s dividend payout ratio (DPR) is 32.26%.

Wall Street Analysts Forecast Growth

BKE has been the topic of a number of research reports. UBS Group restated a “neutral” rating on shares of Buckle in a report on Monday. Weiss Ratings downgraded shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.00.

Insider Activity

In related news, Director Bill L. Fairfield sold 2,500 shares of the firm’s 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 sale, the director directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.