Wellington Management Group LLP Cuts Stake in Buckle, Inc. (The) (NYSE:BKE)

Wellington Management Group LLP cut its stake in Buckle, Inc. (The) (NYSE:BKE) by 14.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,456 shares of the company’s stock after selling 9,000 shares during the period. Wellington Management Group LLP owned about 0.12% of Buckle, Inc. (The) worth $1,031,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Texas Permanent School Fund raised its stake in Buckle, Inc. (The) by 0.3% in the first quarter. Texas Permanent School Fund now owns 20,418 shares of the company’s stock valued at $380,000 after buying an additional 67 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in Buckle, Inc. (The) by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock valued at $214,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System raised its stake in Buckle, Inc. (The) by 2.1% in the first quarter. Arizona State Retirement System now owns 14,679 shares of the company’s stock valued at $273,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Buckle, Inc. (The) by 3.8% in the first quarter. BNP Paribas Arbitrage SA now owns 13,453 shares of the company’s stock valued at $250,000 after buying an additional 493 shares in the last quarter. Finally, Mason Street Advisors LLC raised its stake in Buckle, Inc. (The) by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after buying an additional 497 shares in the last quarter. 64.59% of the stock is owned by institutional investors.

Buckle, Inc. (BKE) traded up 4.38% during trading on Wednesday, hitting $14.30. The stock had a trading volume of 961,720 shares. The firm’s 50-day moving average price is $16.75 and its 200-day moving average price is $18.08. Buckle, Inc. has a 52-week low of $13.68 and a 52-week high of $28.67. The company has a market cap of $689.52 million, a price-to-earnings ratio of 7.57 and a beta of 0.89.

Buckle, Inc. (The) (NYSE:BKE) last released its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Buckle, Inc. (The) had a net margin of 9.66% and a return on equity of 20.95%. The business had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.42 million. During the same period last year, the company posted $0.48 EPS. The business’s revenue was down 12.9% on a year-over-year basis. Analysts predict that Buckle, Inc. will post $1.68 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Friday, July 14th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date was Wednesday, July 12th. Buckle, Inc. (The)’s dividend payout ratio (DPR) is 53.19%.

COPYRIGHT VIOLATION NOTICE: “Wellington Management Group LLP Cuts Stake in Buckle, Inc. (The) (NYSE:BKE)” was reported by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://baseballnewssource.com/markets/buckle-inc-the-nysebke-shares-sold-by-wellington-management-group-llp-updated-updated-updated/1252966.html.

Several research firms have issued reports on BKE. BidaskClub lowered Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a report on Monday. ValuEngine lowered Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Deutsche Bank AG reissued a “sell” rating and set a $15.00 price target on shares of Buckle, Inc. (The) in a report on Wednesday, August 2nd. Finally, Zacks Investment Research lowered Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Buckle, Inc. (The) currently has an average rating of “Sell” and an average target price of $18.67.

About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

Receive News & Ratings for Buckle Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Buckle Inc. (The) and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns


Leave a Reply

 
© 2006-2017 BBNS.