Hancock Whitney Corp Has $2.05 Million Stock Holdings in Buckle Inc (NYSE:BKE)

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Hancock Whitney Corp trimmed its stake in shares of Buckle Inc (NYSE:BKE) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 75,926 shares of the company’s stock after selling 1,790 shares during the quarter. Hancock Whitney Corp’s holdings in Buckle were worth $2,053,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC purchased a new stake in Buckle in the 2nd quarter worth approximately $1,952,000. State of Alaska Department of Revenue increased its holdings in Buckle by 62.0% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,935 shares of the company’s stock worth $451,000 after acquiring an additional 8,394 shares in the last quarter. Alberta Investment Management Corp increased its holdings in Buckle by 32.7% in the 3rd quarter. Alberta Investment Management Corp now owns 86,400 shares of the company’s stock worth $1,780,000 after acquiring an additional 21,300 shares in the last quarter. Rhumbline Advisers increased its holdings in Buckle by 2.4% in the 3rd quarter. Rhumbline Advisers now owns 128,635 shares of the company’s stock worth $2,650,000 after acquiring an additional 2,960 shares in the last quarter. Finally, State of Tennessee Treasury Department increased its holdings in Buckle by 32.6% in the 3rd quarter. State of Tennessee Treasury Department now owns 23,262 shares of the company’s stock worth $479,000 after acquiring an additional 5,722 shares in the last quarter. Institutional investors and hedge funds own 64.28% of the company’s stock.

Buckle stock opened at $25.63 on Friday. The firm has a 50 day moving average of $25.74 and a 200 day moving average of $22.84. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.69 and a beta of 0.84. Buckle Inc has a 12-month low of $14.81 and a 12-month high of $28.52. The company has a current ratio of 2.33, a quick ratio of 1.55 and a debt-to-equity ratio of 0.69.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, November 22nd. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Buckle had a net margin of 11.03% and a return on equity of 24.46%. The business had revenue of $224.10 million during the quarter, compared to analyst estimates of $217.78 million. During the same period last year, the firm posted $0.42 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, analysts predict that Buckle Inc will post 2.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a dividend of $0.30 per share. This is a positive change from Buckle’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend was Thursday, January 9th. Buckle’s dividend payout ratio (DPR) is 60.91%.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Buckle from a “sell” rating to a “strong sell” rating in a report on Saturday, February 1st. TheStreet raised shares of Buckle from a “c+” rating to a “b-” rating in a report on Thursday, November 7th.

Buckle 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.

Read More: Limitations of the P/E Growth ratio

Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buckle Inc (NYSE:BKE).

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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