Thrivent Financial for Lutherans Purchases 11,303 Shares of Buckle, Inc. (The) $BKE

Thrivent Financial for Lutherans increased its position in Buckle, Inc. (The) (NYSE:BKE) by 44.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 37,017 shares of the company’s stock after acquiring an additional 11,303 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Buckle worth $1,977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Buckle by 81.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after buying an additional 208 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after buying an additional 592 shares during the period. Quarry LP bought a new position in Buckle in the 3rd quarter worth approximately $65,000. Finally, Quadrant Capital Group LLC purchased a new position in Buckle in the 3rd quarter valued at approximately $74,000. 53.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BKE. Weiss Ratings raised shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Wall Street Zen cut Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group decreased their price objective on Buckle from $53.00 to $52.00 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Buckle presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Buckle Price Performance

BKE opened at $48.91 on Wednesday. The firm has a market capitalization of $2.52 billion, a P/E ratio of 11.81 and a beta of 1.16. Buckle, Inc. has a one year low of $41.47 and a one year high of $61.69. The company has a fifty day moving average price of $51.71 and a 200-day moving average price of $53.16.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, March 13th. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million for the quarter, compared to the consensus estimate of $396.45 million. During the same quarter last year, the business posted $1.53 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, April 15th. Buckle’s dividend payout ratio is 33.82%.

Insider Buying and Selling

In other Buckle news, EVP Kari G. Smith sold 30,000 shares of Buckle stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $54.57, for a total transaction of $1,637,100.00. Following the completion of the sale, the executive vice president directly owned 83,814 shares in the company, valued at $4,573,729.98. The trade was a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michelle Hoffman sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $54.80, for a total transaction of $887,760.00. Following the completion of the transaction, the senior vice president directly owned 29,682 shares of the company’s stock, valued at approximately $1,626,573.60. This represents a 35.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 126,200 shares of company stock worth $6,517,932 over the last ninety days. 39.80% of the stock is currently owned by insiders.

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.