The Buckle, Inc. (NYSE:BKE) Shares Bought by Panagora Asset Management Inc.
Panagora Asset Management Inc. raised its position in The Buckle, Inc. (NYSE:BKE – Free Report) by 119.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,063 shares of the company’s stock after acquiring an additional 40,279 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.15% of Buckle worth $3,519,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently added to or reduced their stakes in BKE. Quadrant Capital Group LLC boosted its holdings in shares of Buckle by 527.4% in the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after buying an additional 828 shares in the last quarter. Moran Wealth Management LLC acquired a new position in Buckle in the fourth quarter valued at $3,410,000. Partnership Wealth Management LLC purchased a new position in shares of Buckle during the fourth quarter worth about $517,000. Dimensional Fund Advisors LP grew its stake in Buckle by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,266,360 shares of the company’s stock worth $60,179,000 after buying an additional 14,079 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in Buckle by 10.7% in the 4th quarter. QRG Capital Management Inc. now owns 18,857 shares of the company’s stock valued at $896,000 after buying an additional 1,816 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock. Analyst Ratings Changes Several research firms have recently commented on BKE. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, April 15th. UBS Group reduced their price objective on shares of Buckle from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Wednesday, May 15th. Get Our Latest Report on Buckle Buckle Price Performance Shares of BKE stock opened at $36.98 on Monday. The Buckle, Inc. has a 1-year low of $30.18 and a 1-year high of $48.15. The business’s fifty day moving average price is $38.07 and its 200 day moving average price is $39.34. The firm has a market capitalization of $1.88 billion, a PE ratio of 8.39 and a beta of 1.24. Buckle (NYSE:BKE – Get Free Report) last announced its quarterly earnings results on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.15. The business had revenue of $382.40 million during the quarter, compared to the consensus estimate of $383.63 million. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The business’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.76 EPS. Buckle Announces Dividend The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.79%. Buckle’s payout ratio is 31.75%. Buckle Profile (Free Report) 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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.
