Buckle, Inc. (The) $BKE Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 376.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 288,920 shares of the company’s stock after buying an additional 228,260 shares during the quarter. JPMorgan Chase & Co. owned about 0.56% of Buckle worth $16,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC increased its stake in shares of Buckle by 322.4% during the second quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock valued at $7,556,000 after acquiring an additional 127,177 shares during the period. AQR Capital Management LLC boosted its stake in Buckle by 119.3% during the 2nd quarter. AQR Capital Management LLC now owns 207,057 shares of the company’s stock valued at $9,390,000 after purchasing an additional 112,649 shares in the last quarter. TrueMark Investments LLC bought a new position in Buckle during the 3rd quarter valued at $6,604,000. Bank of America Corp DE increased its position in shares of Buckle by 74.9% during the 2nd quarter. Bank of America Corp DE now owns 245,140 shares of the company’s stock valued at $11,117,000 after purchasing an additional 105,017 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Buckle in the 3rd quarter worth $6,065,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen raised Buckle from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. UBS Group reissued a “neutral” rating on shares of Buckle in a report on Friday, January 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Buckle currently has an average rating of “Hold” and an average price target of $55.00.

Buckle Trading Up 0.9%

Shares of BKE opened at $52.71 on Wednesday. The business’s 50-day moving average price is $52.81 and its 200 day moving average price is $55.38. The stock has a market capitalization of $2.70 billion, a P/E ratio of 12.92 and a beta of 1.17. Buckle, Inc. has a 1-year low of $33.12 and a 1-year high of $61.69.

Buckle Announces Dividend

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

About Buckle

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.