Bank of New York Mellon Corp Increases Stock Holdings in Buckle, Inc. (The) $BKE

Bank of New York Mellon Corp boosted its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 532,522 shares of the company’s stock after buying an additional 9,118 shares during the period. Bank of New York Mellon Corp owned approximately 1.04% of Buckle worth $24,150,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in 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 acquiring an additional 617 shares during the last quarter. IFP Advisors Inc grew its holdings in Buckle by 12.5% during the 2nd quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock valued at $110,000 after purchasing an additional 270 shares during the last quarter. Signaturefd LLC raised its position in Buckle by 62.4% in the 2nd quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock worth $116,000 after purchasing an additional 984 shares during the period. GAMMA Investing LLC lifted its stake in Buckle by 546.2% in the second quarter. GAMMA Investing LLC now owns 3,134 shares of the company’s stock worth $142,000 after purchasing an additional 2,649 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Buckle during the second quarter valued at approximately $215,000. 53.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BKE. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, October 8th. Finally, UBS Group lifted their target price on Buckle from $54.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.00.

Buckle Stock Down 0.0%

BKE opened at $56.14 on Friday. The stock’s fifty day moving average is $57.13 and its two-hundred day moving average is $50.59. The company has a market capitalization of $2.87 billion, a P/E ratio of 14.03 and a beta of 1.12. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.69.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) 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 return on equity of 43.97% and a net margin of 16.12%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 EPS.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Shareholders of record on Wednesday, October 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Buckle’s dividend payout ratio (DPR) is 35.00%.

Insider Buying and Selling at Buckle

In other news, Director John P. Peetz sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total value of $83,610.00. Following the completion of the sale, the director owned 23,623 shares of the company’s stock, valued at approximately $1,316,746.02. This represents a 5.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brett P. Milkie sold 6,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $60.17, for a total transaction of $361,020.00. Following the transaction, the senior vice president owned 89,570 shares in the company, valued at approximately $5,389,426.90. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 47,500 shares of company stock worth $2,821,630. 39.00% of the stock is owned by company insiders.

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.