First Trust Advisors LP boosted its holdings in shares of Buckle Inc (NYSE:BKE) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,731 shares of the company’s stock after acquiring an additional 9,029 shares during the period. First Trust Advisors LP owned about 0.27% of Buckle worth $2,548,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cutler Group LP raised its position in Buckle by 160.0% during the fourth quarter. Cutler Group LP now owns 3,300 shares of the company’s stock worth $63,000 after acquiring an additional 8,800 shares during the last quarter. Bank of Montreal Can raised its position in Buckle by 148.9% during the fourth quarter. Bank of Montreal Can now owns 3,758 shares of the company’s stock worth $72,000 after acquiring an additional 2,248 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Buckle during the fourth quarter worth about $72,000. Triad Investment Management acquired a new position in Buckle during the fourth quarter worth about $194,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in Buckle during the fourth quarter worth about $209,000. Institutional investors own 68.19% of the company’s stock.
In other news, Director Karen B. Rhoads sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $18.85, for a total value of $75,400.00. Following the completion of the transaction, the director now owns 1,687 shares of the company’s stock, valued at $31,799.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 41.80% of the company’s stock.
NYSE:BKE opened at $17.62 on Friday. The company has a market capitalization of $863.70 million, a PE ratio of 9.52 and a beta of 0.47. Buckle Inc has a 1-year low of $16.85 and a 1-year high of $29.65.
Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 15th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $264.40 million during the quarter, compared to analyst estimates of $267.55 million. Buckle had a net margin of 10.70% and a return on equity of 24.02%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. Analysts forecast that Buckle Inc will post 1.92 EPS for the current year.
A number of equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Zacks Investment Research raised shares of Buckle from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Monday, February 11th. Deutsche Bank lowered shares of Buckle from a “hold” rating to a “sell” rating and set a $16.00 price objective for the company. in a research report on Friday, March 8th. Finally, TheStreet raised shares of Buckle from a “c” rating to a “b-” rating in a research report on Tuesday, November 27th.
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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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