Sprott Inc. Cuts Stock Position in Buckle, Inc. (The) $BKE

Sprott Inc. lessened its holdings in Buckle, Inc. (The) (NYSE:BKE) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,000 shares of the company’s stock after selling 20,000 shares during the quarter. Sprott Inc. owned 0.43% of Buckle worth $12,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in BKE. JPMorgan Chase & Co. grew its position in Buckle by 376.3% during the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after buying an additional 228,260 shares during the period. Squarepoint Ops LLC lifted its stake in Buckle by 322.4% in the second quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock valued at $7,556,000 after purchasing an additional 127,177 shares during the last quarter. AQR Capital Management LLC increased its position in Buckle by 119.3% in the second quarter. AQR Capital Management LLC now owns 207,057 shares of the company’s stock worth $9,390,000 after buying an additional 112,649 shares during the last quarter. TrueMark Investments LLC bought a new stake in shares of Buckle in the third quarter valued at $6,604,000. Finally, Bank of America Corp DE lifted its position in shares of Buckle by 74.9% during the 2nd quarter. Bank of America Corp DE now owns 245,140 shares of the company’s stock valued at $11,117,000 after buying an additional 105,017 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Buckle in a research report on Friday, January 9th. Finally, Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle has a consensus rating of “Hold” and a consensus price target of $55.00.

Buckle Stock Performance

Buckle stock opened at $52.26 on Tuesday. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The stock has a market cap of $2.67 billion, a P/E ratio of 12.81 and a beta of 1.17. The firm’s fifty day moving average price is $52.84 and its 200-day moving average price is $55.40.

Buckle Dividend Announcement

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

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.