SummerHaven Investment Management LLC Purchases 21,046 Shares of Buckle, Inc. (The) $BKE

SummerHaven Investment Management LLC acquired a new stake in shares of Buckle, Inc. (The) (NYSE:BKE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,046 shares of the company’s stock, valued at approximately $925,000.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of Buckle during the second quarter valued at about $5,917,000. Legal & General Group Plc bought a new position in Buckle in the second quarter worth about $3,234,000. Man Group plc purchased a new stake in Buckle in the second quarter worth about $2,334,000. Stevens Capital Partners purchased a new stake in Buckle in the second quarter worth about $2,593,000. Finally, Summit Global Investments purchased a new stake in Buckle in the second quarter worth about $992,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Price Performance

Shares of NYSE BKE opened at $46.47 on Friday. Buckle, Inc. has a 1 year low of $39.44 and a 1 year high of $58.52. The stock has a market cap of $2.39 billion, a P/E ratio of 10.71 and a beta of 1.14. The firm has a 50-day moving average of $43.02 and a 200 day moving average of $45.93.

Buckle (NYSE:BKE) last posted 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 for the quarter, compared to analyst estimates of $319.80 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Buckle’s quarterly revenue was up 4.6% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Thursday, October 15th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Buckle’s dividend payout ratio is presently 32.26%.

Analyst Ratings Changes

BKE has been the topic of a number of research analyst reports. Weiss Ratings upgraded Buckle from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Monday, August 24th. Two analysts have rated the stock with a Hold rating. According to MarketBeat.com, 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 young men and women. The company is particularly known for its selection of denim, along with tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories. Buckle sells merchandise under a combination of national brands and proprietary labels.

The company operates retail stores across the United States and also sells products through its e-commerce platform. Its stores generally offer personalized customer service, including denim fitting and tailoring, and are designed to provide a lifestyle-oriented shopping experience.