Edgestream Partners L.P. Has $3.22 Million Stock Position in Buckle, Inc. (The) $BKE

Edgestream Partners L.P. lifted its position in Buckle, Inc. (The) (NYSE:BKE) by 204.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 63,942 shares of the company’s stock after buying an additional 42,963 shares during the quarter. Edgestream Partners L.P.’s holdings in Buckle were worth $3,220,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Amundi boosted its stake in Buckle by 676.9% in the 4th quarter. Amundi now owns 421,200 shares of the company’s stock worth $22,501,000 after purchasing an additional 366,986 shares during the period. Goldman Sachs Group Inc. grew its position in Buckle by 44.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock worth $55,746,000 after purchasing an additional 323,361 shares in the last quarter. Lazard Asset Management LLC raised its stake in Buckle by 1,066.8% during the 1st 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 during the period. Morgan Stanley raised its stake in Buckle by 26.8% during the 4th quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock valued at $66,475,000 after purchasing an additional 263,338 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in shares of Buckle by 3,695.1% in the third quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock valued at $14,226,000 after purchasing an additional 236,120 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Performance

Shares of BKE opened at $43.77 on Friday. The company has a market capitalization of $2.25 billion, a PE ratio of 10.04 and a beta of 1.08. The company’s 50 day moving average price is $43.96 and its 200 day moving average price is $49.14. Buckle, Inc. has a 52 week low of $40.73 and a 52 week high of $61.69.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 6.1% compared to the same quarter last year.

Buckle Announces Dividend

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 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle’s payout ratio is currently 32.11%.

Insider Buying and Selling at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the 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 completion of the sale, the director directly owned 52,908 shares in the company, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 38.40% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on BKE shares. Weiss Ratings raised Buckle from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group reduced their price objective on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.00.

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.