Rhumbline Advisers Buys 14,004 Shares of Buckle, Inc. (The) $BKE

Rhumbline Advisers lifted its position in Buckle, Inc. (The) (NYSE:BKE) by 13.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,099 shares of the company’s stock after acquiring an additional 14,004 shares during the period. Rhumbline Advisers owned approximately 0.23% of Buckle worth $6,810,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Buckle by 9.5% in the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock worth $3,618,000 after purchasing an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Buckle by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after buying an additional 797 shares during the period. Millennium Management LLC increased its position in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock valued at $3,815,000 after buying an additional 13,189 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in Buckle by 90.9% during the second quarter. Asset Management One Co. Ltd. now owns 67,379 shares of the company’s stock worth $3,056,000 after acquiring an additional 32,075 shares in the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Buckle Stock Performance

NYSE BKE opened at $53.83 on Monday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.19 and a beta of 1.19. The stock’s 50 day moving average price is $53.20 and its two-hundred day moving average price is $55.46. 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 data on Friday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $320.84 million for the quarter, compared to the consensus estimate of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share.

Buckle Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th were paid a dividend of $3.00 per share. The ex-dividend date was Thursday, January 15th. Buckle’s dividend payout ratio is currently 34.31%.

Analysts Set New Price Targets

Several brokerages have issued reports on BKE. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.00.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.