Steward Partners Investment Advisory LLC Invests $130,000 in The Buckle, Inc. (NYSE:BKE)

Steward Partners Investment Advisory LLC acquired a new position in The Buckle, Inc. (NYSE:BKEGet Rating) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,949 shares of the company’s stock, valued at approximately $130,000.

A number of other institutional investors have also made changes to their positions in BKE. Pacer Advisors Inc. increased its stake in shares of Buckle by 72.8% in the first quarter. Pacer Advisors Inc. now owns 317,232 shares of the company’s stock worth $10,481,000 after purchasing an additional 133,690 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Buckle by 1,230.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 132,581 shares of the company’s stock worth $5,610,000 after purchasing an additional 122,617 shares during the period. Empowered Funds LLC acquired a new stake in Buckle during the fourth quarter worth about $4,919,000. Invesco Ltd. grew its position in Buckle by 60.8% during the fourth quarter. Invesco Ltd. now owns 304,135 shares of the company’s stock worth $12,868,000 after buying an additional 114,977 shares in the last quarter. Finally, Stormborn Capital Management LLC acquired a new stake in Buckle during the fourth quarter worth about $4,231,000. 57.48% of the stock is currently owned by institutional investors.

Buckle Stock Up 1.1 %

BKE stock opened at $30.54 on Tuesday. The Buckle, Inc. has a twelve month low of $26.50 and a twelve month high of $57.10. The company has a market cap of $1.53 billion, a PE ratio of 5.98 and a beta of 1.08. The business’s 50-day simple moving average is $29.77 and its 200 day simple moving average is $33.05.

Buckle (NYSE:BKEGet Rating) last released its quarterly earnings data on Thursday, May 26th. The company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.02. The company had revenue of $309.10 million for the quarter, compared to the consensus estimate of $306.71 million. Buckle had a return on equity of 60.56% and a net margin of 19.38%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities research analysts anticipate that The Buckle, Inc. will post 5.27 EPS for the current year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, July 14th. Buckle’s payout ratio is 27.40%.

Wall Street Analyst Weigh In

Separately, raised Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, July 16th.

Buckle Company Profile

(Get Rating)

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, Reclaim, BKE Vintage, Nova Industries, J.B.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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