Buckle, Inc. (The) $BKE Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its stake in Buckle, Inc. (The) (NYSE:BKE) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,810 shares of the company’s stock after buying an additional 76,832 shares during the period. BNP Paribas Financial Markets’ holdings in Buckle were worth $12,330,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in 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 buying an additional 208 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% during the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Buckle by 162.2% during the second 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 period. Quarry LP acquired a new position in shares of Buckle during the third quarter valued at $65,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Buckle during the third quarter valued at $74,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BKE. UBS Group lowered their price target on Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Weiss Ratings lowered Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Finally, Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Buckle presently has an average rating of “Hold” and an average price target of $47.00.

Buckle Stock Down 0.3%

NYSE:BKE opened at $44.69 on Monday. Buckle, Inc. has a 1-year low of $42.39 and a 1-year high of $61.69. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.25 and a beta of 1.08. The stock has a fifty day simple moving average of $51.07 and a 200 day simple moving average of $52.55.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 29th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The business had revenue of $288.74 million during the quarter, compared to analyst estimates of $287.68 million. During the same quarter last year, the company posted $0.70 EPS. Buckle’s revenue for the quarter was up 6.1% on a year-over-year basis.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a $0.35 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Buckle’s dividend payout ratio (DPR) is 32.11%.

Insiders Place Their Bets

In related news, SVP Michelle Hoffman sold 29,281 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $49.12, for a total value of $1,438,282.72. Following the completion of the transaction, the senior vice president owned 45,882 shares in the company, valued at $2,253,723.84. This trade represents a 38.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kari G. Smith sold 48,860 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $50.39, for a total value of $2,462,055.40. Following the completion of the sale, the executive vice president directly owned 76,754 shares of the company’s stock, valued at approximately $3,867,634.06. This represents a 38.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 126,200 shares of company stock valued at $6,517,932 in the last quarter. 39.80% of the stock is currently owned by corporate insiders.

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.