Russell Investments Group Ltd. Purchases 6,322 Shares of Buckle, Inc. (The) $BKE

Russell Investments Group Ltd. boosted its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 4,548.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,461 shares of the company’s stock after buying an additional 6,322 shares during the period. Russell Investments Group Ltd.’s holdings in Buckle were worth $248,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BKE. Balyasny Asset Management L.P. raised its holdings in Buckle by 515.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 294,953 shares of the company’s stock worth $14,987,000 after buying an additional 247,019 shares during the period. Nuveen Asset Management LLC raised its holdings in Buckle by 180.6% during the 4th quarter. Nuveen Asset Management LLC now owns 284,713 shares of the company’s stock worth $14,466,000 after buying an additional 183,257 shares during the period. Nuveen LLC acquired a new stake in Buckle during the 1st quarter worth approximately $3,850,000. Invesco Ltd. raised its holdings in Buckle by 42.1% during the 1st quarter. Invesco Ltd. now owns 329,601 shares of the company’s stock worth $12,630,000 after buying an additional 97,679 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Buckle by 5.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,360,826 shares of the company’s stock worth $52,147,000 after buying an additional 74,614 shares during the period. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a report on Friday, May 23rd. UBS Group lifted their price objective on shares of Buckle from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, August 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.00.

Insider Buying and Selling

In related news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total transaction of $890,114.56. Following the transaction, the chief executive officer directly owned 1,655,204 shares in the company, valued at approximately $72,034,478.08. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $55.74, for a total transaction of $83,610.00. Following the transaction, the director owned 23,623 shares in the company, valued at approximately $1,316,746.02. The trade was a 5.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,953 shares of company stock worth $1,472,125. Insiders own 39.80% of the company’s stock.

Buckle Stock Down 1.6%

NYSE BKE opened at $56.60 on Tuesday. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $57.83. The company has a market capitalization of $2.90 billion, a PE ratio of 14.15 and a beta of 1.02. The firm’s 50 day moving average is $50.74 and its 200-day moving average is $43.12.

Buckle (NYSE:BKE) last issued its earnings results on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $305.74 million for the quarter, compared to the consensus estimate of $292.61 million. Buckle had a net margin of 16.12% and a return on equity of 43.97%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share.

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