Rhumbline Advisers Has $6.81 Million Stock Position in Buckle, Inc. (The) $BKE

Rhumbline Advisers lifted its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 13.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,099 shares of the company’s stock after purchasing an additional 14,004 shares during the period. Rhumbline Advisers’ holdings in Buckle were worth $6,810,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. acquired a new position in Buckle during the third quarter worth $6,065,000. Unison Advisors LLC raised its stake in Buckle by 0.7% in the third quarter. Unison Advisors LLC now owns 41,782 shares of the company’s stock valued at $2,451,000 after buying an additional 308 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after buying an additional 208 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Buckle by 10.2% in the third quarter. Allianz Asset Management GmbH now owns 89,725 shares of the company’s stock valued at $5,263,000 after buying an additional 8,308 shares during the last quarter. Finally, State of Wyoming boosted its stake in shares of Buckle by 3.8% during the 3rd quarter. State of Wyoming now owns 29,025 shares of the company’s stock worth $1,703,000 after acquiring an additional 1,064 shares during the period. 53.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BKE shares. UBS Group restated a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.00.

Buckle Stock Performance

BKE stock opened at $53.83 on Monday. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.69. The company has a market capitalization of $2.75 billion, a PE ratio of 13.19 and a beta of 1.19. The company’s 50-day simple moving average is $53.20 and its 200 day simple moving average is $55.46.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.02. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The business had revenue of $320.84 million during the quarter, compared to analysts’ expectations of $317.97 million. During the same quarter in the previous year, the company earned $0.88 EPS. The business’s revenue was up 9.3% on a year-over-year basis.

Buckle Announces Dividend

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

Buckle 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.