RK Asset Management LLC grew its position in shares of Buckle Inc (NYSE:BKE) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 372,968 shares of the company’s stock after buying an additional 3,100 shares during the quarter. Buckle makes up about 7.4% of RK Asset Management LLC’s investment portfolio, making the stock its 5th largest holding. RK Asset Management LLC owned approximately 0.76% of Buckle worth $7,683,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Buckle in the 2nd quarter valued at approximately $60,000. Bank of Montreal Can raised its stake in shares of Buckle by 127.5% in the 2nd quarter. Bank of Montreal Can now owns 3,546 shares of the company’s stock valued at $62,000 after acquiring an additional 1,987 shares in the last quarter. Morris Capital Advisors LLC bought a new position in shares of Buckle in the 2nd quarter valued at approximately $176,000. OneAscent Financial Services LLC bought a new position in shares of Buckle in the 2nd quarter valued at approximately $206,000. Finally, Unison Advisors LLC raised its stake in shares of Buckle by 6.6% in the 2nd quarter. Unison Advisors LLC now owns 17,157 shares of the company’s stock valued at $297,000 after acquiring an additional 1,065 shares in the last quarter. Institutional investors and hedge funds own 65.81% of the company’s stock.
In other Buckle news, VP Robert J. Harbols sold 2,500 shares of Buckle stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $21.14, for a total value of $52,850.00. Following the transaction, the vice president now directly owns 19,500 shares of the company’s stock, valued at approximately $412,230. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 41.80% of the company’s stock.
BKE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Buckle from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, July 10th. ValuEngine raised Buckle from a “sell” rating to a “hold” rating in a research report on Friday, July 12th.
NYSE BKE traded up $0.80 during trading on Friday, hitting $21.05. The company’s stock had a trading volume of 14,066 shares, compared to its average volume of 629,499. The company has a quick ratio of 1.57, a current ratio of 2.35 and a debt-to-equity ratio of 0.71. The firm has a 50 day moving average price of $19.74 and a 200 day moving average price of $18.44. The firm has a market cap of $943.62 million, a P/E ratio of 10.69 and a beta of 0.72. Buckle Inc has a 52 week low of $14.81 and a 52 week high of $22.80.
Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. The company had revenue of $203.80 million for the quarter, compared to the consensus estimate of $202.20 million. Buckle had a return on equity of 23.16% and a net margin of 10.52%. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, equities analysts expect that Buckle Inc will post 1.81 earnings per share for the current year.
The firm also recently declared a — dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.25 dividend. This represents a yield of 5%. The ex-dividend date of this dividend is Thursday, October 10th. Buckle’s dividend payout ratio is currently 50.76%.
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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.
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