IFP Advisors Inc Sells 512 Shares of The Buckle, Inc. (NYSE:BKE)

IFP Advisors Inc decreased its holdings in The Buckle, Inc. (NYSE:BKE – Get Rating) by 16.9% in the fourth quarter, Holdings Channel reports. The fund owned 2,524 shares of the company’s stock after selling 512 shares during the quarter. IFP Advisors Inc’s holdings in Buckle were worth $62,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BKE. JPMorgan Chase & Co. lifted its holdings in shares of Buckle by 31.0% in the 1st quarter. JPMorgan Chase & Co. now owns 89,952 shares of the company’s stock valued at $2,973,000 after acquiring an additional 21,310 shares during the last quarter. Raymond James & Associates raised its position in Buckle by 51.9% in the 1st quarter. Raymond James & Associates now owns 22,245 shares of the company’s stock worth $735,000 after purchasing an additional 7,600 shares during the period. Bank of New York Mellon Corp raised its position in Buckle by 2.9% in the 1st quarter. Bank of New York Mellon Corp now owns 628,276 shares of the company’s stock worth $20,758,000 after purchasing an additional 17,592 shares during the period. Citigroup Inc. raised its position in Buckle by 1.4% in the 1st quarter. Citigroup Inc. now owns 29,258 shares of the company’s stock worth $966,000 after purchasing an additional 402 shares during the period. Finally, Bank of Montreal Can raised its position in Buckle by 7.3% in the 1st quarter. Bank of Montreal Can now owns 10,859 shares of the company’s stock worth $381,000 after purchasing an additional 740 shares during the period. Institutional investors own 50.99% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BKE. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Thursday, May 11th. UBS Group began coverage on shares of Buckle in a research report on Monday, April 10th. They issued a “neutral” rating and a $37.00 price objective on the stock.

Buckle Stock Performance

Buckle stock opened at $32.55 on Wednesday. The company has a 50 day moving average price of $34.47 and a 200-day moving average price of $39.99. The company has a market capitalization of $1.64 billion, a PE ratio of 6.35 and a beta of 1.05. The Buckle, Inc. has a fifty-two week low of $26.50 and a fifty-two week high of $50.35.

Buckle (NYSE:BKE – Get Rating) last issued its quarterly earnings results on Friday, March 10th. The company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $401.80 million for the quarter, compared to the consensus estimate of $386.36 million. Buckle had a return on equity of 65.52% and a net margin of 18.93%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.69 earnings per share.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Thursday, April 13th. Buckle’s dividend payout ratio (DPR) is presently 27.29%.

Buckle Company Profile

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The Buckle, Inc engages in the business of retailing medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. The firm is also involved in the provision of customer services such as free hemming, free gift-packaging, easy layaways, private label credit card, and guest loyalty program.