Thrivent Financial for Lutherans Boosts Stock Position in Buckle, Inc. (The) $BKE

Thrivent Financial for Lutherans grew its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 44.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,017 shares of the company’s stock after acquiring an additional 11,303 shares during the period. Thrivent Financial for Lutherans’ holdings in Buckle were worth $1,977,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BKE. Hantz Financial Services Inc. raised its holdings in Buckle by 81.6% during the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after acquiring an additional 208 shares during the period. Belpointe Asset Management LLC boosted its stake in shares of Buckle by 2.0% in the third quarter. Belpointe Asset Management LLC now owns 11,215 shares of the company’s stock worth $658,000 after acquiring an additional 218 shares during the period. Unison Advisors LLC boosted its stake in shares of Buckle by 0.6% in the fourth quarter. Unison Advisors LLC now owns 42,045 shares of the company’s stock worth $2,246,000 after acquiring an additional 263 shares during the period. Glenmede Investment Management LP grew its position in shares of Buckle by 3.8% during the third quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock worth $439,000 after purchasing an additional 277 shares in the last quarter. Finally, Range Financial Group LLC grew its position in shares of Buckle by 4.7% during the fourth quarter. Range Financial Group LLC now owns 9,376 shares of the company’s stock worth $501,000 after purchasing an additional 421 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Buckle

In related news, EVP Kari G. Smith sold 30,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $54.57, for a total value of $1,637,100.00. Following the sale, the executive vice president owned 83,814 shares in the company, valued at approximately $4,573,729.98. The trade was a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Michelle Hoffman sold 16,200 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $54.80, for a total transaction of $887,760.00. Following the completion of the sale, the senior vice president owned 29,682 shares in the company, valued at $1,626,573.60. This represents a 35.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 126,200 shares of company stock worth $6,517,932 over the last ninety days. Insiders own 39.80% of the company’s stock.

Wall Street Analyst Weigh In

BKE has been the topic of a number of research analyst reports. Weiss Ratings raised Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. UBS Group reduced their price objective on shares of Buckle from $53.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Wall Street Zen downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Buckle has an average rating of “Moderate Buy” and an average target price of $52.00.

Buckle Stock Down 0.9%

Shares of Buckle stock opened at $48.91 on Wednesday. Buckle, Inc. has a twelve month low of $41.47 and a twelve month high of $61.69. The business has a 50-day moving average price of $51.71 and a 200-day moving average price of $53.16. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 11.81 and a beta of 1.16.

Buckle (NYSE:BKE) last posted its earnings results on Friday, March 13th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million for the quarter, compared to the consensus estimate of $396.45 million. During the same period in the previous year, the business earned $1.53 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, April 15th. Buckle’s dividend payout ratio is 33.82%.

Buckle Company 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.