Allianz Asset Management GmbH Grows Stock Holdings in The Buckle, Inc. (NYSE:BKE)

Allianz Asset Management GmbH raised its holdings in The Buckle, Inc. (NYSE:BKEFree Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 81,149 shares of the company’s stock after acquiring an additional 1,623 shares during the period. Allianz Asset Management GmbH owned 0.16% of Buckle worth $3,856,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Buckle by 33.5% in the fourth quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock valued at $54,591,000 after purchasing an additional 288,056 shares during the last quarter. Norges Bank purchased a new position in shares of Buckle during the 4th quarter worth about $9,828,000. Impala Asset Management LLC boosted its position in shares of Buckle by 61.0% in the third quarter. Impala Asset Management LLC now owns 476,564 shares of the company’s stock worth $15,912,000 after acquiring an additional 180,581 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Buckle by 192.6% in the fourth 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. Finally, Moran Wealth Management LLC purchased a new stake in Buckle in the fourth quarter valued at approximately $3,410,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKE shares. UBS Group cut their price target on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th. StockNews.com cut Buckle from a “buy” rating to a “hold” rating in a report on Monday, May 27th.

Read Our Latest Report on Buckle

Buckle Stock Performance

BKE opened at $36.87 on Friday. The Buckle, Inc. has a 1 year low of $30.31 and a 1 year high of $48.15. The firm has a 50 day moving average price of $37.74 and a 200 day moving average price of $39.50. The company has a market cap of $1.87 billion, a PE ratio of 8.70 and a beta of 1.18.

Buckle (NYSE:BKEGet Free Report) last released its quarterly earnings data on Friday, May 24th. The company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.05). The business had revenue of $262.50 million during the quarter, compared to analyst estimates of $262.50 million. Buckle had a return on equity of 48.21% and a net margin of 17.07%. Buckle’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS.

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, July 12th. Buckle’s payout ratio is 33.02%.

Buckle Profile

(Free Report)

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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