State Board of Administration of Florida Retirement System trimmed its position in shares of The Buckle, Inc. (NYSE:BKE – Get Rating) by 69.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,839 shares of the company’s stock after selling 18,162 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Buckle were worth $217,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd lifted its position in Buckle by 2,840.6% in the 1st quarter. Covestor Ltd now owns 941 shares of the company’s stock valued at $31,000 after acquiring an additional 909 shares in the last quarter. Professional Financial Advisors LLC lifted its position in Buckle by 142.2% during the 1st quarter. Professional Financial Advisors LLC now owns 959 shares of the company’s stock worth $32,000 after buying an additional 563 shares in the last quarter. Captrust Financial Advisors lifted its position in Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock worth $51,000 after buying an additional 573 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in Buckle by 48.5% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,840 shares of the company’s stock worth $51,000 after buying an additional 601 shares in the last quarter. Finally, KBC Group NV lifted its position in Buckle by 284.7% during the 2nd quarter. KBC Group NV now owns 3,439 shares of the company’s stock worth $95,000 after buying an additional 2,545 shares in the last quarter. 53.62% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, StockNews.com lowered shares of Buckle from a “buy” rating to a “hold” rating in a research note on Friday.
Buckle Stock Performance
Buckle (NYSE:BKE – Get Rating) last announced its quarterly earnings results on Friday, August 19th. The company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.08. Buckle had a net margin of 18.93% and a return on equity of 67.25%. The business had revenue of $301.98 million for the quarter, compared to analyst estimates of $299.70 million. As a group, equities analysts forecast that The Buckle, Inc. will post 5.15 earnings per share for the current year.
Buckle Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 14th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, October 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.32%. Buckle’s payout ratio is presently 27.67%.
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.
- Get a free copy of the StockNews.com research report on Buckle (BKE)
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