Thrivent Financial for Lutherans Increases Holdings in Buckle Inc (NYSE:BKE)

Thrivent Financial for Lutherans increased its stake in Buckle Inc (NYSE:BKE) by 5.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 23,927 shares of the company’s stock after buying an additional 1,194 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Buckle were worth $328,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BKE. Orion Portfolio Solutions LLC purchased a new stake in Buckle during the fourth quarter worth about $30,000. C M Bidwell & Associates Ltd. bought a new position in shares of Buckle during the 4th quarter valued at approximately $43,000. PNC Financial Services Group Inc. increased its stake in shares of Buckle by 29.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,739 shares of the company’s stock worth $46,000 after purchasing an additional 391 shares during the last quarter. Smithfield Trust Co. bought a new stake in shares of Buckle in the 1st quarter worth approximately $27,000. Finally, Bank of Montreal Can lifted its stake in Buckle by 34.6% in the fourth quarter. Bank of Montreal Can now owns 5,072 shares of the company’s stock valued at $137,000 after purchasing an additional 1,304 shares during the last quarter. 66.80% of the stock is currently owned by institutional investors.

Buckle stock opened at $15.68 on Wednesday. The firm has a market capitalization of $765.83 million, a P/E ratio of 9.75 and a beta of 1.20. Buckle Inc has a one year low of $11.76 and a one year high of $28.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.45 and a quick ratio of 1.57. The business has a fifty day moving average price of $15.36 and a 200-day moving average price of $19.67.

Buckle (NYSE:BKE) last issued its earnings results on Friday, May 22nd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The company had revenue of $115.40 million during the quarter, compared to the consensus estimate of $119.67 million. Buckle had a return on equity of 19.54% and a net margin of 9.52%. The firm’s revenue for the quarter was down 42.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Sell-side analysts expect that Buckle Inc will post 1.28 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Buckle from a “strong sell” rating to a “hold” rating and set a $20.00 price target for the company in a research note on Monday, June 8th. Cfra lowered shares of Buckle from a “hold” rating to a “sell” rating and cut their target price for the stock from $14.00 to $11.00 in a research report on Tuesday, May 26th. Finally, TheStreet lowered shares of Buckle from a “b” rating to a “c+” rating in a research report on Friday, March 27th.

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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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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