Mirae Asset Global Investments Co. Ltd. Raises Holdings in The Buckle, Inc. (NYSE:BKE)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,663 shares of the company’s stock after buying an additional 807 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Buckle were worth $839,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Asset Management One Co. Ltd. acquired a new stake in Buckle in the fourth quarter valued at approximately $1,891,000. Arizona State Retirement System boosted its stake in Buckle by 6.3% in the fourth quarter. Arizona State Retirement System now owns 9,166 shares of the company’s stock valued at $436,000 after acquiring an additional 547 shares in the last quarter. Camelot Portfolios LLC boosted its stake in Buckle by 14.6% in the fourth quarter. Camelot Portfolios LLC now owns 7,570 shares of the company’s stock valued at $360,000 after acquiring an additional 966 shares in the last quarter. JLB & Associates Inc. acquired a new stake in Buckle in the fourth quarter valued at approximately $238,000. Finally, Denali Advisors LLC boosted its stake in Buckle by 192.6% in the fourth quarter. Denali Advisors LLC now owns 111,250 shares of the company’s stock valued at $5,287,000 after acquiring an additional 73,232 shares in the last quarter. 53.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKE has been the subject of several recent analyst reports. UBS Group downgraded shares of Buckle from a “neutral” rating to a “sell” rating and lowered their target price for the company from $37.00 to $34.00 in a research note on Friday, January 5th. StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, April 15th.

Buckle Trading Down 2.4 %

NYSE:BKE opened at $37.12 on Thursday. The Buckle, Inc. has a 12 month low of $30.18 and a 12 month high of $48.15. The firm has a fifty day simple moving average of $38.77 and a 200-day simple moving average of $38.83. The company has a market capitalization of $1.88 billion, a P/E ratio of 8.42 and a beta of 1.23.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, March 15th. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.44 by $0.15. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The business had revenue of $382.40 million during the quarter, compared to the consensus estimate of $383.63 million. During the same period in the previous year, the firm posted $1.76 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.77%. Buckle’s payout ratio is currently 31.75%.

Buckle Profile

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, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B.