Arizona State Retirement System Acquires 547 Shares of The Buckle, Inc. (NYSE:BKE)

Arizona State Retirement System increased its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,166 shares of the company’s stock after purchasing an additional 547 shares during the quarter. Arizona State Retirement System’s holdings in Buckle were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Camelot Portfolios LLC increased its stake in Buckle by 14.6% during the 4th quarter. Camelot Portfolios LLC now owns 7,570 shares of the company’s stock worth $360,000 after purchasing an additional 966 shares in the last quarter. JLB & Associates Inc. acquired a new position in Buckle during the 4th quarter worth approximately $238,000. Denali Advisors LLC boosted its position in Buckle by 192.6% during the 4th quarter. Denali Advisors LLC now owns 111,250 shares of the company’s stock worth $5,287,000 after acquiring an additional 73,232 shares during the last quarter. Unison Advisors LLC boosted its position in Buckle by 1.1% during the 4th quarter. Unison Advisors LLC now owns 34,560 shares of the company’s stock worth $1,642,000 after acquiring an additional 375 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new position in Buckle during the 4th quarter worth approximately $44,000. 53.93% of the stock is owned by institutional investors.

Buckle Trading Down 0.2 %

NYSE BKE opened at $36.59 on Friday. The company has a market cap of $1.86 billion, a PE ratio of 8.30 and a beta of 1.23. The Buckle, Inc. has a 12 month low of $30.18 and a 12 month high of $48.15. The stock has a 50 day moving average of $38.86 and a 200-day moving average of $38.72.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, March 15th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.44 by $0.15. Buckle had a return on equity of 50.88% and a net margin of 17.44%. The company had revenue of $382.40 million during the quarter, compared to the consensus estimate of $383.63 million. During the same quarter in the prior year, the firm posted $1.76 EPS. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.40 dividend on an annualized basis and a yield of 3.83%. Buckle’s dividend payout ratio (DPR) is 31.75%.

Analysts Set New Price Targets

A number of research firms have weighed in on BKE. UBS Group downgraded Buckle from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $37.00 to $34.00 in a research report on Friday, January 5th. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a report on Monday, April 15th.

Buckle Company Profile

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.