Beacon Harbor Wealth Advisors Inc. Makes New Investment in Buckle, Inc. (The) $BKE

Beacon Harbor Wealth Advisors Inc. bought a new stake in Buckle, Inc. (The) (NYSE:BKE) during the third quarter, HoldingsChannel.com reports. The firm bought 103,399 shares of the company’s stock, valued at approximately $6,065,000.

A number of other institutional investors also recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its stake in Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after buying an additional 617 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after purchasing an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Buckle by 162.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Buckle by 64.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock worth $45,000 after purchasing an additional 393 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Performance

Buckle stock opened at $50.41 on Thursday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 12.36 and a beta of 1.19. Buckle, Inc. has a 52-week low of $33.12 and a 52-week high of $61.69. The firm has a 50 day moving average price of $54.14 and a two-hundred day moving average price of $55.17.

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, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $320.84 million for the quarter, compared to analyst estimates of $317.97 million. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share.

Buckle Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th were paid a $3.00 dividend. The ex-dividend date was Thursday, January 15th. Buckle’s dividend payout ratio is 34.31%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BKE shares. Wall Street Zen lowered shares of Buckle from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. UBS Group restated a “neutral” rating on shares of Buckle in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Buckle in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.00.

About Buckle

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.