Hamlin Capital Management LLC Acquires 34,306 Shares of Buckle Inc. (BKE)
Hamlin Capital Management LLC raised its stake in shares of Buckle Inc. (NYSE:BKE) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,735,380 shares of the company’s stock after buying an additional 34,306 shares during the period. Buckle accounts for 2.2% of Hamlin Capital Management LLC’s portfolio, making the stock its 26th largest position. Hamlin Capital Management LLC owned 3.61% of Buckle worth $45,103,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of BKE. Aperio Group LLC raised its position in shares of Buckle by 1.0% in the first quarter. Aperio Group LLC now owns 14,850 shares of the company’s stock valued at $503,000 after buying an additional 147 shares during the period. Icon Advisers Inc. Co. purchased a new stake in shares of Buckle during the first quarter worth $718,000. Prudential Financial Inc. increased its stake in shares of Buckle by 14.1% in the first quarter. Prudential Financial Inc. now owns 75,319 shares of the company’s stock worth $2,551,000 after buying an additional 9,305 shares in the last quarter. BlackRock Inc. increased its stake in shares of Buckle by 129.0% in the first quarter. BlackRock Inc. now owns 4,186 shares of the company’s stock worth $142,000 after buying an additional 2,358 shares in the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Buckle by 8.5% in the first quarter. BlackRock Group LTD now owns 36,512 shares of the company’s stock worth $1,237,000 after buying an additional 2,845 shares in the last quarter. 65.35% of the stock is currently owned by institutional investors.
Shares of Buckle Inc. (NYSE:BKE) traded down 1.85% during mid-day trading on Wednesday, reaching $23.84. 344,762 shares of the company’s stock traded hands. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 8.90 and a beta of 1.10. The company has a 50 day moving average of $25.54 and a 200 day moving average of $27.10. Buckle Inc. has a 12 month low of $22.00 and a 12 month high of $38.30.
Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, August 19th. The company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The firm had revenue of $212.20 million for the quarter. Buckle had a return on equity of 30.53% and a net margin of 12.06%. The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 EPS. Analysts expect that Buckle Inc. will post $2.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Friday, October 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, October 12th. Buckle’s dividend payout ratio (DPR) is currently 37.45%.
BKE has been the topic of a number of analyst reports. Deutsche Bank AG reiterated a “sell” rating on shares of Buckle in a research report on Tuesday, May 31st. KeyCorp reiterated an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Zacks Investment Research upgraded shares of Buckle from a “strong sell” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Wedbush reiterated a “neutral” rating and issued a $21.00 price target (down from $22.00) on shares of Buckle in a research report on Sunday, September 4th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $29.80.
In related news, VP Kyle Hanson sold 5,400 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $26.13, for a total value of $141,102.00. Following the sale, the vice president now directly owns 25,400 shares in the company, valued at $663,702. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kelli D. Molczyk sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $26.71, for a total value of $106,840.00. Following the completion of the sale, the vice president now owns 21,163 shares in the company, valued at $565,263.73. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
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