Tudor Investment Corp ET AL Takes $939,000 Position in Buckle, Inc. (The) $BKE

Tudor Investment Corp ET AL purchased a new stake in Buckle, Inc. (The) (NYSE:BKE) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 16,003 shares of the company’s stock, valued at approximately $939,000.

Other large investors have also added to or reduced their stakes in the company. Two Sigma Investments LP increased its stake in Buckle by 3,695.1% during the 3rd quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock worth $14,226,000 after acquiring an additional 236,120 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Buckle by 376.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after acquiring an additional 228,260 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Buckle during the 3rd quarter worth $10,393,000. Squarepoint Ops LLC grew its holdings in shares of Buckle by 322.4% during the 2nd quarter. Squarepoint Ops LLC now owns 166,626 shares of the company’s stock worth $7,556,000 after purchasing an additional 127,177 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Buckle by 119.3% in the second quarter. AQR Capital Management LLC now owns 207,057 shares of the company’s stock worth $9,390,000 after purchasing an additional 112,649 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BKE. UBS Group dropped their price target on Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. Finally, Wall Street Zen raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.00.

Insider Activity

In other news, SVP Michelle Hoffman sold 29,281 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $49.12, for a total value of $1,438,282.72. Following the completion of the transaction, the senior vice president owned 45,882 shares of the company’s stock, valued at approximately $2,253,723.84. This represents a 38.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kari G. Smith sold 48,860 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total transaction of $2,462,055.40. Following the completion of the sale, the executive vice president owned 76,754 shares in the company, valued at approximately $3,867,634.06. The trade was a 38.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 80,000 shares of company stock valued at $3,993,072. Insiders own 39.80% of the company’s stock.

Buckle Stock Performance

Shares of BKE stock opened at $49.38 on Tuesday. The stock’s fifty day moving average price is $51.26 and its two-hundred day moving average price is $54.43. The company has a market cap of $2.53 billion, a PE ratio of 11.93 and a beta of 1.17. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, March 13th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.08. Buckle had a return on equity of 45.18% and a net margin of 16.16%.The company had revenue of $399.14 million during the quarter, compared to analysts’ expectations of $396.45 million. During the same quarter in the previous year, the firm earned $1.53 EPS. Buckle’s revenue was up 5.2% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Wednesday, April 15th. Buckle’s payout ratio is currently 33.82%.

Buckle 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.