Buckle, Inc. (The) $BKE Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,942 shares of the company’s stock after selling 14,482 shares during the quarter. Royce & Associates LP owned about 0.30% of Buckle worth $8,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in BKE. Geneos Wealth Management Inc. increased its position in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares during the period. Hantz Financial Services Inc. increased its position in Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after acquiring an additional 208 shares during the period. EverSource Wealth Advisors LLC increased its position in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after acquiring an additional 592 shares during the period. Quarry LP acquired a new stake in Buckle in the 3rd quarter valued at approximately $65,000. Finally, Quadrant Capital Group LLC acquired a new stake in Buckle in the 3rd quarter valued at approximately $74,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Weiss Ratings upgraded Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, UBS Group decreased their price target on Buckle from $53.00 to $52.00 and set a “neutral” rating for the company in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

Insider Buying and Selling at Buckle

In other news, EVP Kari G. Smith sold 30,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $54.57, for a total value of $1,637,100.00. Following the completion of the sale, the executive vice president owned 83,814 shares in the company, valued at $4,573,729.98. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michelle Hoffman sold 16,200 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the completion of the sale, the senior vice president owned 29,682 shares of the company’s stock, valued at $1,626,573.60. The trade was a 35.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 126,200 shares of company stock valued at $6,517,932. Corporate insiders own 39.00% of the company’s stock.

Buckle Stock Up 1.5%

BKE opened at $50.50 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of 12.20 and a beta of 1.16. The business has a fifty day simple moving average of $51.73 and a 200-day simple moving average of $53.07. Buckle, Inc. has a fifty-two week low of $42.09 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, March 13th. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.08. The business had revenue of $399.14 million during the quarter, compared to analyst estimates of $396.45 million. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Buckle’s dividend payout ratio (DPR) is currently 33.82%.

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.