Impala Asset Management LLC Makes New Investment in Buckle, Inc. (The) $BKE

Impala Asset Management LLC acquired a new stake in Buckle, Inc. (The) (NYSE:BKE) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 412,000 shares of the company’s stock, valued at approximately $17,386,000. Buckle accounts for about 9.9% of Impala Asset Management LLC’s portfolio, making the stock its 4th largest position.

A number of other institutional investors have also recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Buckle by 9.5% in the first 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after buying an additional 797 shares during the period. Millennium Management LLC boosted its position in Buckle by 15.3% during the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after buying an additional 13,189 shares during the period. Geneos Wealth Management Inc. grew its holdings in Buckle by 1,928.1% in the 1st 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 position in shares of Buckle by 323.6% in the second quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock valued at $1,241,000 after acquiring an additional 20,905 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Transactions at Buckle

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 38.40% of the stock is currently owned by insiders.

Buckle Stock Down 3.1%

NYSE:BKE opened at $42.81 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 9.86 and a beta of 1.10. The firm’s fifty day simple moving average is $43.57 and its 200 day simple moving average is $48.19. Buckle, Inc. has a twelve month low of $40.73 and a twelve month high of $61.69.

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

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle’s dividend payout ratio is presently 32.26%.

Analyst Upgrades and Downgrades

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

Buckle 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.