Public Sector Pension Investment Board Has $7.96 Million Position in Buckle, Inc. (The) $BKE

Public Sector Pension Investment Board raised its stake in Buckle, Inc. (The) (NYSE:BKE) by 31.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 135,623 shares of the company’s stock after purchasing an additional 32,328 shares during the quarter. Public Sector Pension Investment Board’s holdings in Buckle were worth $7,956,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKE. Ameritas Investment Partners Inc. increased its stake in shares of Buckle by 1.1% in the second quarter. Ameritas Investment Partners Inc. now owns 18,204 shares of the company’s stock worth $826,000 after acquiring an additional 190 shares during the last quarter. Hantz Financial Services Inc. grew its stake in Buckle by 81.6% in the third quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock valued at $27,000 after purchasing an additional 208 shares in the last quarter. Belpointe Asset Management LLC increased its position in Buckle by 2.0% in the 3rd quarter. Belpointe Asset Management LLC now owns 11,215 shares of the company’s stock worth $658,000 after purchasing an additional 218 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Buckle by 0.9% during the 2nd quarter. Franklin Resources Inc. now owns 26,453 shares of the company’s stock worth $1,200,000 after purchasing an additional 230 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Buckle by 7.6% during the 3rd quarter. GAMMA Investing LLC now owns 3,371 shares of the company’s stock valued at $198,000 after buying an additional 237 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BKE. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Finally, UBS Group restated a “neutral” rating on shares of Buckle in a report on Friday, January 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.00.

Buckle Stock Up 0.9%

Shares of Buckle stock opened at $53.93 on Wednesday. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69. The stock has a 50 day moving average price of $53.40 and a two-hundred day moving average price of $55.41. The stock has a market capitalization of $2.76 billion, a P/E ratio of 13.22 and a beta of 1.19.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The business had revenue of $320.84 million during the quarter, compared to analysts’ expectations of $317.97 million. Buckle had a net margin of 16.13% and a return on equity of 44.42%. Buckle’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 earnings per share.

Buckle Dividend Announcement

The company also recently declared a special dividend, which was paid on Thursday, January 29th. Shareholders of record on Thursday, January 15th were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, January 15th. Buckle’s dividend payout ratio is 34.31%.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.