Sierra Summit Advisors LLC Invests $799,000 in Buckle, Inc. (The) $BKE

Sierra Summit Advisors LLC acquired a new position in shares of Buckle, Inc. (The) (NYSE:BKE) in the 4th quarter, Holdings Channel reports. The fund acquired 14,955 shares of the company’s stock, valued at approximately $799,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the last quarter. Hantz Financial Services Inc. grew its position in Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after acquiring an additional 592 shares in the last quarter. Quarry LP purchased a new position in Buckle in the third quarter worth $65,000. Finally, Quadrant Capital Group LLC purchased a new position in Buckle in the third quarter worth $74,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Stock Up 1.8%

NYSE BKE opened at $48.95 on Friday. The company has a 50-day simple moving average of $51.79 and a two-hundred day simple moving average of $53.30. Buckle, Inc. has a 12-month low of $39.06 and a 12-month high of $61.69. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 11.82 and a beta of 1.16.

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

Buckle Announces Dividend

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

Wall Street Analysts Forecast Growth

BKE has been the subject of several research reports. Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, UBS Group cut their target price on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Buckle presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Insider Activity

In other news, EVP Kari G. Smith sold 30,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $54.57, for a total transaction of $1,637,100.00. Following the completion of the sale, the executive vice president owned 83,814 shares of the company’s stock, valued at approximately $4,573,729.98. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Hoffman sold 16,200 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the sale, the senior vice president directly owned 29,682 shares of the company’s stock, valued at approximately $1,626,573.60. This trade represents a 35.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 126,200 shares of company stock valued at $6,517,932. Company insiders own 39.00% of the company’s stock.

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.