Legal & General Group Plc Invests $3.23 Million in Buckle, Inc. (The) $BKE

Legal & General Group Plc purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 76,627 shares of the company’s stock, valued at approximately $3,234,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKE. Geneos Wealth Management Inc. boosted its stake in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares during the last quarter. Miller Capital Partners Inc. acquired a new stake in shares of Buckle in the fourth quarter valued at about $37,000. Hantz Financial Services Inc. lifted its stake in shares of Buckle by 51.6% in the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after buying an additional 239 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after buying an additional 592 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in Buckle during the second quarter worth about $48,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling

In other Buckle news, Director Bill Fairfield sold 2,500 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director directly owned 52,908 shares in the company, valued at $2,351,231.52. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on BKE. Weiss Ratings downgraded 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, August 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.00.

Buckle Price Performance

Shares of BKE stock opened at $43.19 on Friday. Buckle, Inc. has a 1-year low of $40.73 and a 1-year high of $61.69. The firm has a market cap of $2.23 billion, a PE ratio of 9.95 and a beta of 1.11. The company has a 50-day moving average of $43.45 and a two-hundred day moving average of $47.83.

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. The firm had revenue of $319.82 million for 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%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS.

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.