Buckle, Inc. (The) $BKE Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Buckle, Inc. (The) (NYSE:BKE) during the third quarter, HoldingsChannel.com reports. The fund acquired 29,427 shares of the company’s stock, valued at approximately $1,264,000.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in Buckle in the second quarter valued at approximately $5,917,000. The Manufacturers Life Insurance Company purchased a new position in Buckle in the second quarter worth $674,000. Legal & General Group Plc purchased a new position in Buckle in the second quarter worth $3,234,000. Man Group plc acquired a new position in shares of Buckle during the second quarter worth $2,334,000. Finally, Stevens Capital Partners acquired a new position in shares of Buckle during the second quarter worth $2,593,000. Institutional investors own 53.93% of the company’s stock.

Buckle Stock Performance

Shares of BKE stock opened at $42.01 on Monday. Buckle, Inc. has a fifty-two week low of $39.44 and a fifty-two week high of $58.52. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 9.68 and a beta of 1.13. The stock’s 50-day simple moving average is $43.68 and its 200-day simple moving average is $47.19.

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

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 29th. Shareholders of record on Thursday, October 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, October 15th. Buckle’s payout ratio is currently 32.26%.

Insider Activity at Buckle

In other Buckle news, Director Bill L. Fairfield sold 8,500 shares of the firm’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $46.38, for a total value of $394,230.00. Following the completion of the transaction, the director owned 44,408 shares of the company’s stock, valued at approximately $2,059,643.04. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Scott A. Werth sold 2,500 shares of Buckle stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $46.75, for a total transaction of $116,875.00. Following the sale, the senior vice president owned 46,960 shares of the company’s stock, valued at $2,195,380. The trade was a 5.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 38.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BKE. UBS Group reiterated a “neutral” rating on shares of Buckle in a report on Monday, August 24th. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, Buckle currently has a consensus rating of “Hold” and an average target price of $46.00.

About Buckle

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for fashion-conscious young men and women. The company offers a broad selection of denim, tops, bottoms, outerwear, dresses, activewear, shoes, jewelry and other accessories from national brands and its own private-label collections, including BKE and Buckle Black.

The company sells merchandise through its network of retail stores across the United States and through its e-commerce platform. Buckle stores generally emphasize personalized customer service, denim fittings and outfit coordination, while its online channel provides access to apparel and accessories for customers outside its store markets.

Buckle traces its origins to 1948, when it began as a clothing store in Kearney, Nebraska.