Buckle, Inc. (The) $BKE Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 31.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,623 shares of the company’s stock after buying an additional 32,328 shares during the period. Public Sector Pension Investment Board owned approximately 0.27% of Buckle worth $7,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BKE. Squarepoint Ops LLC raised its stake in Buckle by 322.4% during the 2nd quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock valued at $7,556,000 after acquiring an additional 127,177 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Buckle by 119.3% during the second quarter. AQR Capital Management LLC now owns 207,057 shares of the company’s stock valued at $9,390,000 after purchasing an additional 112,649 shares during the period. TrueMark Investments LLC acquired a new position in shares of Buckle during the third quarter valued at $6,604,000. Bank of America Corp DE raised its stake in shares of Buckle by 74.9% during the second quarter. Bank of America Corp DE now owns 245,140 shares of the company’s stock valued at $11,117,000 after purchasing an additional 105,017 shares in the last quarter. Finally, Beacon Harbor Wealth Advisors Inc. acquired a new stake in Buckle in the third quarter worth about $6,065,000. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

Shares of BKE opened at $53.93 on Wednesday. The company has a 50-day moving average of $53.40 and a two-hundred day moving average of $55.41. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 13.22 and a beta of 1.19. Buckle, Inc. has a one year low of $33.12 and a one year high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 21st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. Buckle had a net margin of 16.13% and a return on equity of 44.42%. The business had revenue of $320.84 million during the quarter, compared to the consensus estimate of $317.97 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently declared a special dividend, which was paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, January 15th. Buckle’s payout ratio is currently 34.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, UBS Group reissued a “neutral” rating on shares of Buckle in a report on Friday, January 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.00.

Buckle Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.