Quantbot Technologies LP Increases Stake in Buckle, Inc. (The) $BKE

Quantbot Technologies LP lifted its position in Buckle, Inc. (The) (NYSE:BKE) by 500.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,398 shares of the company’s stock after acquiring an additional 52,005 shares during the quarter. Quantbot Technologies LP’s holdings in Buckle were worth $2,830,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BKE. Geneos Wealth Management Inc. grew its holdings in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after acquiring an additional 617 shares in the last quarter. Allworth Financial LP lifted its position in shares of Buckle by 1,652.3% in the 2nd quarter. Allworth Financial LP now owns 771 shares of the company’s stock worth $35,000 after purchasing an additional 727 shares during the period. SBI Securities Co. Ltd. boosted its stake in shares of Buckle by 64.9% during the second quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock valued at $45,000 after purchasing an additional 393 shares in the last quarter. IFP Advisors Inc increased its holdings in Buckle by 12.5% during the second quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock valued at $110,000 after buying an additional 270 shares during the period. Finally, Signaturefd LLC increased its holdings in Buckle by 62.4% during the second quarter. Signaturefd LLC now owns 2,560 shares of the company’s stock valued at $116,000 after buying an additional 984 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Buckle Trading Down 1.7%

Shares of BKE opened at $56.41 on Friday. The firm has a market cap of $2.89 billion, a PE ratio of 13.83 and a beta of 1.14. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $61.69. The stock has a fifty day moving average price of $55.98 and a 200-day moving average price of $52.30.

Buckle (NYSE:BKE) last announced its earnings results on Friday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.02. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The company had revenue of $320.84 million for the quarter, compared to analyst estimates of $317.97 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th were paid a $0.35 dividend. The ex-dividend date was Wednesday, October 15th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Buckle’s dividend payout ratio (DPR) is 34.31%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen upgraded Buckle from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. UBS Group restated a “neutral” rating on shares of Buckle in a research note on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Buckle presently has an average rating of “Hold” and an average target price of $55.00.

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.