Cambridge Investment Research Advisors Inc. Buys 477 Shares of The Buckle, Inc. (NYSE:BKE)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Buckle, Inc. (NYSE:BKEGet Rating) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,570 shares of the company’s stock after purchasing an additional 477 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Buckle were worth $398,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BKE. Renaissance Technologies LLC boosted its position in Buckle by 167.6% during the first quarter. Renaissance Technologies LLC now owns 1,047,168 shares of the company’s stock worth $34,598,000 after purchasing an additional 655,866 shares during the period. Vanguard Group Inc. boosted its position in Buckle by 10.9% during the first quarter. Vanguard Group Inc. now owns 3,888,951 shares of the company’s stock worth $128,491,000 after purchasing an additional 381,525 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Buckle by 97.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 693,633 shares of the company’s stock worth $22,918,000 after purchasing an additional 342,352 shares during the period. First Trust Advisors LP boosted its position in Buckle by 283.2% during the first quarter. First Trust Advisors LP now owns 435,720 shares of the company’s stock worth $14,396,000 after purchasing an additional 322,018 shares during the period. Finally, Carolina Wealth Advisors LLC boosted its position in Buckle by 648.5% during the second quarter. Carolina Wealth Advisors LLC now owns 154,418 shares of the company’s stock worth $4,276,000 after purchasing an additional 133,789 shares during the period. Institutional investors own 50.99% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th.

Buckle Trading Up 1.9 %

BKE opened at $49.74 on Thursday. The Buckle, Inc. has a 1-year low of $26.50 and a 1-year high of $50.35. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 9.83 and a beta of 1.00. The business has a 50 day moving average of $43.68 and a 200-day moving average of $36.33.

Buckle (NYSE:BKEGet Rating) last posted its quarterly earnings data on Friday, November 18th. The company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.01). Buckle had a net margin of 18.93% and a return on equity of 67.25%. The business had revenue of $332.34 million during the quarter, compared to the consensus estimate of $332.30 million.

Buckle Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, January 27th. Stockholders of record on Friday, January 13th will be given a $3.00 dividend. The ex-dividend date is Thursday, January 12th. This represents a dividend yield of 3.1%. Buckle’s dividend payout ratio is 27.67%.

About Buckle

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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, Reclaim, BKE Vintage, Nova Industries, J.B.

See Also

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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