Buckle, Inc. (The) $BKE Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its position in Buckle, Inc. (The) (NYSE:BKE) by 38.7% during the second quarter, Holdings Channel.com reports. The fund owned 79,549 shares of the company’s stock after purchasing an additional 22,181 shares during the quarter. Baird Financial Group Inc.’s holdings in Buckle were worth $3,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKE. CWM LLC raised its holdings in Buckle by 185.6% in the second quarter. CWM LLC now owns 9,885 shares of the company’s stock valued at $448,000 after buying an additional 6,424 shares during the period. Bank of New York Mellon Corp increased its position in shares of Buckle by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 532,522 shares of the company’s stock worth $24,150,000 after acquiring an additional 9,118 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Buckle by 5.6% in the second quarter. Geode Capital Management LLC now owns 900,932 shares of the company’s stock worth $40,861,000 after acquiring an additional 47,751 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Buckle by 100.4% in the 2nd quarter. Intech Investment Management LLC now owns 101,543 shares of the company’s stock valued at $4,605,000 after acquiring an additional 50,866 shares during the period. Finally, IFP Advisors Inc lifted its holdings in shares of Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock valued at $110,000 after acquiring an additional 270 shares in the last quarter. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Stock Down 1.2%

Shares of BKE opened at $56.48 on Thursday. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 13.84 and a beta of 1.14. The business’s 50 day moving average is $55.79 and its two-hundred day moving average is $52.81. Buckle, Inc. has a 52-week low of $33.12 and a 52-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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $320.84 million during the quarter, compared to analyst estimates of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 earnings per share.

Buckle Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on BKE. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Buckle from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, UBS Group restated a “neutral” rating on shares of Buckle in a research note on Monday, November 24th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Buckle presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Buckle 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.