Fmr LLC Grows Position in Buckle, Inc. (The) (BKE)

Fmr LLC increased its stake in Buckle, Inc. (The) (NYSE:BKE) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,326,750 shares of the company’s stock after buying an additional 33,335 shares during the period. Fmr LLC owned 15.20% of Buckle, Inc. (The) worth $130,416,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in Buckle, Inc. (The) by 2.0% in the second quarter. Northern Trust Corp now owns 373,222 shares of the company’s stock worth $6,644,000 after buying an additional 7,399 shares in the last quarter. Pinebridge Investments L.P. raised its stake in Buckle, Inc. (The) by 9.0% in the second quarter. Pinebridge Investments L.P. now owns 42,187 shares of the company’s stock worth $750,000 after buying an additional 3,495 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in Buckle, Inc. (The) by 6.0% in the second quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock worth $305,000 after buying an additional 970 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Buckle, Inc. (The) by 2.2% in the second quarter. Ameriprise Financial Inc. now owns 230,871 shares of the company’s stock worth $4,110,000 after buying an additional 5,045 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Buckle, Inc. (The) by 7.7% in the second quarter. TIAA CREF Investment Management LLC now owns 80,609 shares of the company’s stock worth $1,435,000 after buying an additional 5,749 shares in the last quarter. 59.45% of the stock is owned by institutional investors.

BKE has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 5th. BidaskClub downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Deutsche Bank AG decreased their price target on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating for the company in a research note on Friday, August 18th.

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Shares of Buckle, Inc. (NYSE:BKE) opened at 17.15 on Friday. Buckle, Inc. has a one year low of $13.50 and a one year high of $27.10. The firm has a 50-day moving average of $15.42 and a 200-day moving average of $16.92. The stock has a market cap of $826.94 million, a PE ratio of 9.53 and a beta of 0.92.

Buckle, Inc. (The) (NYSE:BKE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The company had revenue of $195.65 million during the quarter, compared to analyst estimates of $195.97 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, equities research analysts expect that Buckle, Inc. will post $1.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 13th will be issued a $0.25 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.00 annualized dividend and a dividend yield of 5.83%. Buckle, Inc. (The)’s dividend payout ratio is currently 55.56%.

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)

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