Renaissance Technologies LLC Grows Position in Buckle, Inc. (The) $BKE

Renaissance Technologies LLC raised its holdings in Buckle, Inc. (The) (NYSE:BKE) by 6.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,167,752 shares of the company’s stock after acquiring an additional 72,550 shares during the period. Renaissance Technologies LLC’s holdings in Buckle were worth $58,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hantz Financial Services Inc. lifted its stake in shares of Buckle by 51.6% during the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after buying an additional 239 shares in the last quarter. Unison Advisors LLC boosted its holdings in Buckle by 0.6% in the 1st quarter. Unison Advisors LLC now owns 42,307 shares of the company’s stock worth $2,131,000 after buying an additional 262 shares during the period. Glenmede Investment Management LP grew its stake in Buckle by 3.8% in the 3rd quarter. Glenmede Investment Management LP now owns 7,477 shares of the company’s stock valued at $439,000 after buying an additional 277 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Buckle by 1.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 22,342 shares of the company’s stock valued at $1,013,000 after acquiring an additional 314 shares during the period. Finally, Vident Advisory LLC raised its holdings in Buckle by 2.1% during the 4th quarter. Vident Advisory LLC now owns 14,982 shares of the company’s stock valued at $800,000 after acquiring an additional 315 shares during the period. Institutional investors own 53.93% of the company’s stock.

Insider Buying and Selling at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total transaction of $111,100.00. Following the sale, the director owned 52,908 shares in the company, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 38.40% of the company’s stock.

Buckle Stock Performance

Buckle stock opened at $42.44 on Monday. Buckle, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $61.69. The stock has a market cap of $2.19 billion, a P/E ratio of 9.73 and a beta of 1.08. The firm’s fifty day moving average price is $44.37 and its 200-day moving average price is $49.47.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The company had revenue of $288.74 million during the quarter, compared to analyst estimates of $287.68 million. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 15th. Buckle’s dividend payout ratio (DPR) is 32.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Wall Street Zen cut Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, UBS Group cut their target price on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.00.

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.