Prudential Financial Inc. trimmed its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,144 shares of the company’s stock after selling 13,849 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Buckle, Inc. (The) worth $839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Texas Permanent School Fund lifted its stake in Buckle, Inc. (The) by 0.3% during the 1st quarter. Texas Permanent School Fund now owns 20,418 shares of the company’s stock valued at $380,000 after acquiring an additional 67 shares during the period. Arizona State Retirement System lifted its stake in Buckle, Inc. (The) by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in Buckle, Inc. (The) by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after acquiring an additional 290 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Buckle, Inc. (The) by 3.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,453 shares of the company’s stock valued at $250,000 after acquiring an additional 493 shares during the period. Finally, Mason Street Advisors LLC lifted its stake in Buckle, Inc. (The) by 8.2% during the 1st quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after acquiring an additional 497 shares during the period. Institutional investors and hedge funds own 59.45% of the company’s stock.

Shares of Buckle, Inc. (NYSE BKE) opened at 17.15 on Friday. The firm’s 50-day moving average is $15.42 and its 200 day moving average is $16.92. Buckle, Inc. has a 52 week low of $13.50 and a 52 week high of $27.10. The firm has a market capitalization of $826.94 million, a PE ratio of 9.53 and a beta of 0.92.

Buckle, Inc. (The) (NYSE:BKE) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The firm had revenue of $195.65 million for the quarter, compared to analyst estimates of $195.97 million. During the same period last year, the firm posted $0.32 EPS. Buckle, Inc. (The)’s quarterly revenue was down 7.8% on a year-over-year basis. On average, equities analysts forecast that Buckle, Inc. will post $1.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be given a $0.25 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.00 dividend on an annualized basis and a yield of 5.83%. Buckle, Inc. (The)’s dividend payout ratio (DPR) is 55.56%.

Several brokerages have commented on BKE. Deutsche Bank AG decreased their price objective on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th. ValuEngine cut shares of Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. BidaskClub cut shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th.

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Buckle, Inc. (The) Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

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