Buckle, Inc. (The) $BKE Shares Purchased by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its stake in Buckle, Inc. (The) (NYSE:BKE) by 24.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 96,608 shares of the company’s stock after buying an additional 18,988 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Buckle were worth $4,381,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC boosted its stake in Buckle by 185.6% during the 2nd quarter. CWM LLC now owns 9,885 shares of the company’s stock valued at $448,000 after purchasing an additional 6,424 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Buckle by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 532,522 shares of the company’s stock valued at $24,150,000 after buying an additional 9,118 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Buckle by 5.6% during the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company’s stock worth $40,861,000 after buying an additional 47,751 shares during the period. Intech Investment Management LLC grew its holdings in Buckle by 100.4% in the 2nd quarter. Intech Investment Management LLC now owns 101,543 shares of the company’s stock worth $4,605,000 after buying an additional 50,866 shares in the last quarter. Finally, Impala Asset Management LLC grew its holdings in Buckle by 37.1% in the 1st quarter. Impala Asset Management LLC now owns 432,080 shares of the company’s stock worth $16,571,000 after buying an additional 116,833 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Monday, November 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle presently has an average rating of “Hold” and an average target price of $55.00.

Buckle Stock Down 1.4%

Shares of BKE stock opened at $56.36 on Thursday. The stock has a 50-day simple moving average of $55.73 and a 200 day simple moving average of $53.30. The stock has a market capitalization of $2.88 billion, a P/E ratio of 13.81 and a beta of 1.14. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $320.84 million during the quarter, compared to the consensus estimate of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. Buckle’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS.

Buckle Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th will be given a $3.00 dividend. The ex-dividend date is Thursday, January 15th. This represents a yield of 248.0%. Buckle’s payout ratio is 34.31%.

Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.