Redhawk Wealth Advisors Inc. Raises Stake in Buckle, Inc. (The) $BKE

Redhawk Wealth Advisors Inc. raised its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,528 shares of the company’s stock after purchasing an additional 987 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Buckle were worth $1,022,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares in the last quarter. State of Wyoming purchased a new position in Buckle during the fourth quarter valued at approximately $111,000. Viking Fund Management LLC purchased a new position in Buckle during the first quarter valued at approximately $115,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Buckle in the second quarter worth $215,000. Finally, Novem Group purchased a new position in shares of Buckle in the fourth quarter worth $227,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Activity at Buckle

In other news, SVP Brett P. Milkie sold 6,000 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $60.17, for a total value of $361,020.00. Following the transaction, the senior vice president directly owned 89,570 shares in the company, valued at approximately $5,389,426.90. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kari G. Smith sold 20,000 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $59.36, for a total transaction of $1,187,200.00. Following the completion of the transaction, the executive vice president owned 150,354 shares in the company, valued at approximately $8,925,013.44. The trade was a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,500 shares of company stock valued at $3,320,030. Company insiders own 39.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. UBS Group boosted their target price on shares of Buckle from $51.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 25th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Buckle presently has an average rating of “Hold” and a consensus price target of $54.00.

Buckle Stock Up 1.1%

BKE stock opened at $61.16 on Friday. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 15.29 and a beta of 1.02. The firm’s fifty day simple moving average is $54.25 and its two-hundred day simple moving average is $44.77.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The business had revenue of $305.74 million for the quarter, compared to analysts’ expectations of $292.61 million. During the same quarter in the previous year, the business posted $0.78 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 29th. Stockholders of record on Wednesday, October 15th will be issued a $0.35 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.3%. Buckle’s dividend payout ratio is presently 35.00%.

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.