TIAA CREF Investment Management LLC trimmed its holdings in shares of Buckle Inc (NYSE:BKE) by 8.6% in the third quarter, HoldingsChannel reports. The firm owned 52,961 shares of the company’s stock after selling 5,009 shares during the period. TIAA CREF Investment Management LLC’s holdings in Buckle were worth $1,221,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in Buckle by 233.6% in the 3rd quarter. Pacer Advisors Inc. now owns 10,973 shares of the company’s stock valued at $253,000 after buying an additional 7,684 shares during the last quarter. Vident Investment Advisory LLC boosted its position in shares of Buckle by 29.6% in the 3rd quarter. Vident Investment Advisory LLC now owns 11,111 shares of the company’s stock worth $256,000 after purchasing an additional 2,540 shares during the last quarter. Rafferty Asset Management LLC bought a new position in shares of Buckle in the 3rd quarter worth $269,000. State of Alaska Department of Revenue boosted its position in shares of Buckle by 41.1% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,988 shares of the company’s stock worth $299,000 after purchasing an additional 3,784 shares during the last quarter. Finally, WBI Investments Inc. bought a new position in shares of Buckle in the 3rd quarter worth $445,000. 71.53% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:BKE traded up $0.05 during midday trading on Monday, hitting $17.60. The company had a trading volume of 20,186 shares, compared to its average volume of 393,290. Buckle Inc has a 12 month low of $16.85 and a 12 month high of $29.65. The firm has a market capitalization of $860.30 million, a P/E ratio of 9.51 and a beta of 0.44.
Buckle (NYSE:BKE) last posted its quarterly earnings results on Monday, November 26th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.04). Buckle had a return on equity of 24.02% and a net margin of 10.70%. The company had revenue of $215.10 million during the quarter, compared to the consensus estimate of $218.37 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, sell-side analysts predict that Buckle Inc will post 1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, January 11th were given a $0.25 dividend. The ex-dividend date was Thursday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 5.68%. Buckle’s dividend payout ratio is currently 54.05%.
Several research firms have recently issued reports on BKE. Zacks Investment Research upgraded Buckle from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a research report on Thursday, November 8th. ValuEngine lowered Buckle from a “hold” rating to a “sell” rating in a research report on Wednesday, January 30th. Finally, Deutsche Bank upgraded Buckle from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a research report on Friday, November 2nd.
In other Buckle news, Director Karen B. Rhoads sold 3,914 shares of Buckle stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $19.18, for a total transaction of $75,070.52. Following the transaction, the director now directly owns 1,687 shares in the company, valued at $32,356.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Karen B. Rhoads sold 4,000 shares of Buckle stock in a transaction dated Thursday, December 20th. The stock was sold at an average price of $18.85, for a total value of $75,400.00. Following the transaction, the director now owns 1,687 shares in the company, valued at $31,799.95. The disclosure for this sale can be found here. Insiders own 41.80% of the company’s stock.
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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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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