Schroder Investment Management Group Has $23.77 Million Position in Buckle, Inc. (The) (BKE)
Schroder Investment Management Group reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 34.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,419,340 shares of the company’s stock after selling 757,620 shares during the period. Schroder Investment Management Group owned about 2.91% of Buckle worth $23,774,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BKE. Leucadia National Corp bought a new position in shares of Buckle in the second quarter worth about $181,000. State Street Corp raised its stake in shares of Buckle by 28.5% in the first quarter. State Street Corp now owns 1,046,933 shares of the company’s stock worth $19,468,000 after acquiring an additional 232,335 shares during the last quarter. Adams Asset Advisors LLC raised its stake in shares of Buckle by 36.3% in the third quarter. Adams Asset Advisors LLC now owns 74,596 shares of the company’s stock worth $1,256,000 after acquiring an additional 19,861 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Buckle by 0.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 690,566 shares of the company’s stock worth $12,291,000 after acquiring an additional 3,636 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Buckle by 5,476.3% in the third quarter. Victory Capital Management Inc. now owns 1,341,438 shares of the company’s stock worth $22,603,000 after acquiring an additional 1,317,382 shares during the last quarter. 59.76% of the stock is owned by hedge funds and other institutional investors.
BKE has been the subject of a number of recent research reports. ValuEngine raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Buckle from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Deutsche Bank dropped their price target on shares of Buckle from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th. Finally, Zacks Investment Research raised shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, November 1st.
Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 17th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.01. The firm had revenue of $224.30 million during the quarter, compared to analysts’ expectations of $224.12 million. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.49 earnings per share. equities analysts anticipate that Buckle, Inc. will post 1.7 EPS for the current fiscal year.
In related news, SVP Brett P. Milkie sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $21.02, for a total transaction of $31,530.00. Following the completion of the transaction, the senior vice president now owns 32,070 shares in the company, valued at $674,111.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Erle Campbell sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $21.00, for a total transaction of $42,000.00. Following the transaction, the director now owns 31,964 shares of the company’s stock, valued at approximately $671,244. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,600 shares of company stock valued at $138,925. Corporate insiders own 41.70% of the company’s stock.
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Buckle 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.
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