Summit Global Investments Has $1.51 Million Stock Position in The Buckle, Inc. (NYSE:BKE)

Summit Global Investments raised its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 111.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,678 shares of the company’s stock after buying an additional 16,678 shares during the quarter. Summit Global Investments owned about 0.06% of Buckle worth $1,505,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BKE. Pacer Advisors Inc. boosted its holdings in Buckle by 33.5% in the 4th quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock valued at $54,591,000 after purchasing an additional 288,056 shares during the period. Impala Asset Management LLC increased its stake in Buckle by 61.0% during the third quarter. Impala Asset Management LLC now owns 476,564 shares of the company’s stock valued at $15,912,000 after acquiring an additional 180,581 shares during the period. Denali Advisors LLC lifted its position in shares of Buckle by 192.6% in the 4th quarter. Denali Advisors LLC now owns 111,250 shares of the company’s stock worth $5,287,000 after acquiring an additional 73,232 shares during the period. American Century Companies Inc. grew its holdings in shares of Buckle by 11.0% during the 3rd quarter. American Century Companies Inc. now owns 448,685 shares of the company’s stock worth $14,982,000 after purchasing an additional 44,444 shares in the last quarter. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Buckle during the fourth quarter valued at approximately $1,891,000. 53.93% of the stock is owned by institutional investors.

Buckle Stock Performance

BKE traded down $0.23 during midday trading on Friday, reaching $38.02. 323,272 shares of the company were exchanged, compared to its average volume of 441,625. The stock has a market capitalization of $1.93 billion, a P/E ratio of 8.62 and a beta of 1.24. The stock’s 50-day simple moving average is $38.50 and its 200 day simple moving average is $38.97. The Buckle, Inc. has a one year low of $30.18 and a one year high of $48.15.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.15. The company had revenue of $382.40 million during the quarter, compared to analyst estimates of $383.63 million. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.76 EPS.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Thursday, April 11th. Buckle’s dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. UBS Group cut Buckle from a “neutral” rating to a “sell” rating and lowered their price target for the company from $37.00 to $34.00 in a research report on Friday, January 5th.

Buckle Company Profile

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.