California Public Employees Retirement System boosted its stake in Buckle Inc (NYSE:BKE) by 20.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,298 shares of the company’s stock after buying an additional 27,598 shares during the period. California Public Employees Retirement System owned 0.33% of Buckle worth $2,701,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its position in Buckle by 14.2% in the second quarter. Public Employees Retirement System of Ohio now owns 7,983 shares of the company’s stock worth $142,000 after buying an additional 995 shares during the period. Municipal Employees Retirement System of Michigan increased its position in Buckle by 59.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 10,630 shares of the company’s stock worth $179,000 after buying an additional 3,980 shares during the period. WealthPLAN Partners LLC increased its holdings in shares of Buckle by 6,281.0% during the second quarter. WealthPLAN Partners LLC now owns 12,762 shares of the company’s stock valued at $227,000 after purchasing an additional 12,562 shares during the period. Voya Investment Management LLC increased its holdings in shares of Buckle by 17.8% during the second quarter. Voya Investment Management LLC now owns 13,913 shares of the company’s stock valued at $248,000 after purchasing an additional 2,102 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Buckle by 23.3% during the second quarter. BNP Paribas Arbitrage SA now owns 16,593 shares of the company’s stock valued at $295,000 after purchasing an additional 3,140 shares during the period. 59.69% of the stock is currently owned by hedge funds and other institutional investors.
Buckle Inc (BKE) opened at $21.30 on Tuesday. Buckle Inc has a 52 week low of $13.50 and a 52 week high of $25.11. The firm has a market capitalization of $1,013.46, a PE ratio of 12.31 and a beta of 1.09.
Buckle (NYSE:BKE) last announced its earnings results on Friday, November 17th. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Buckle had a return on equity of 19.13% and a net margin of 9.17%. The business had revenue of $224.30 million during the quarter, compared to analysts’ expectations of $224.12 million. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was down 6.2% on a year-over-year basis. sell-side analysts predict that Buckle Inc will post 1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 12th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.00 annualized dividend and a yield of 4.69%. Buckle’s dividend payout ratio is currently 57.80%.
In related news, VP Diane L. Applegate sold 1,200 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $20.84, for a total transaction of $25,008.00. Following the completion of the transaction, the vice president now owns 20,500 shares of the company’s stock, valued at $427,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Erle Campbell sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.00, for a total value of $42,000.00. Following the transaction, the director now directly owns 31,964 shares of the company’s stock, valued at approximately $671,244. The disclosure for this sale can be found here. Insiders have sold 4,700 shares of company stock valued at $98,538 in the last ninety days. Company insiders own 41.70% of the company’s stock.
A number of brokerages have recently commented on BKE. ValuEngine raised Buckle from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Buckle from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, November 1st.
The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.
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