First Trust Advisors LP Cuts Holdings in Buckle, Inc. (The) $BKE

First Trust Advisors LP cut its holdings in Buckle, Inc. (The) (NYSE:BKE) by 32.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,707 shares of the company’s stock after selling 283,168 shares during the quarter. First Trust Advisors LP owned 1.13% of Buckle worth $26,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its holdings in Buckle by 1,928.1% in 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 period. Allworth Financial LP increased its holdings in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after purchasing an additional 727 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Buckle by 64.9% in the second quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares during the period. Finally, IFP Advisors Inc boosted its holdings in Buckle by 12.5% during the second quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock worth $110,000 after buying an additional 270 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Price Performance

Shares of Buckle stock opened at $56.48 on Thursday. Buckle, Inc. has a 1 year low of $33.12 and a 1 year high of $61.69. The business has a 50 day moving average price of $55.79 and a 200 day moving average price of $52.81. The company has a market capitalization of $2.89 billion, a P/E ratio of 13.84 and a beta of 1.14.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 21st. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The firm had revenue of $320.84 million for the quarter, compared to analysts’ expectations of $317.97 million. During the same quarter in the prior year, the firm earned $0.88 EPS. Buckle’s quarterly revenue was up 9.3% on a year-over-year basis.

Buckle Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, January 29th. Investors of record on Thursday, January 15th will be given a dividend of $3.00 per share. This represents a yield of 248.0%. The ex-dividend date is Thursday, January 15th. Buckle’s dividend payout ratio (DPR) is currently 34.31%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a report on Monday, November 24th. Wall Street Zen cut Buckle from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.00.

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.