Ieq Capital LLC Makes New $905,000 Investment in Buckle, Inc. (The) $BKE

Ieq Capital LLC bought a new position in Buckle, Inc. (The) (NYSE:BKE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,442 shares of the company’s stock, valued at approximately $905,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Buckle in the 2nd quarter valued at approximately $208,888,000. Bank of New York Mellon Corp acquired a new stake in Buckle during the 2nd quarter valued at $27,466,000. Amundi raised its stake in Buckle by 676.9% during the 4th quarter. Amundi now owns 421,200 shares of the company’s stock valued at $22,501,000 after purchasing an additional 366,986 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Buckle by 44.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock valued at $55,746,000 after purchasing an additional 323,361 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Buckle by 1,066.8% in the first quarter. Lazard Asset Management LLC now owns 297,594 shares of the company’s stock valued at $14,987,000 after purchasing an additional 272,088 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Stock Performance

BKE stock opened at $42.81 on Friday. The firm has a 50 day simple moving average of $43.57 and a 200 day simple moving average of $48.19. Buckle, Inc. has a 52 week low of $40.73 and a 52 week high of $61.69. The stock has a market cap of $2.21 billion, a P/E ratio of 9.86 and a beta of 1.10.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, beating 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 firm had revenue of $319.82 million for the quarter, compared to analyst estimates of $319.80 million. During the same quarter in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year.

Buckle Dividend Announcement

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

Insider Buying and Selling at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the transaction, the director directly owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 38.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on BKE shares. Weiss Ratings cut Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Monday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.