SummerHaven Investment Management LLC Buys 407 Shares of Buckle, Inc. (The) $BKE

SummerHaven Investment Management LLC raised its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,755 shares of the company’s stock after buying an additional 407 shares during the period. SummerHaven Investment Management LLC’s holdings in Buckle were worth $987,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BKE. New Vernon Capital Holdings II LLC boosted its position in shares of Buckle by 3,732.0% during the first quarter. New Vernon Capital Holdings II LLC now owns 671,251 shares of the company’s stock valued at $25,722,000 after buying an additional 653,734 shares during the period. American Century Companies Inc. boosted its position in shares of Buckle by 13.5% during the first quarter. American Century Companies Inc. now owns 1,063,856 shares of the company’s stock valued at $40,767,000 after buying an additional 126,331 shares during the period. Impala Asset Management LLC boosted its holdings in shares of Buckle by 37.1% in the first quarter. Impala Asset Management LLC now owns 432,080 shares of the company’s stock valued at $16,571,000 after purchasing an additional 116,833 shares during the period. Nuveen LLC purchased a new stake in shares of Buckle in the first quarter valued at approximately $3,850,000. Finally, Invesco Ltd. boosted its holdings in shares of Buckle by 42.1% in the first quarter. Invesco Ltd. now owns 329,601 shares of the company’s stock valued at $12,630,000 after purchasing an additional 97,679 shares during the period. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Buckle Trading Up 1.8%

Shares of BKE stock opened at $59.84 on Monday. The business’s fifty day simple moving average is $55.69 and its 200-day simple moving average is $45.81. The company has a market cap of $3.06 billion, a PE ratio of 14.96 and a beta of 1.02. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $61.69.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $305.74 million for the quarter, compared to the consensus estimate of $292.61 million. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 earnings per share.

Buckle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 29th. Investors of record on Wednesday, October 15th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, October 15th. Buckle’s dividend payout ratio is presently 35.00%.

Insider Transactions at Buckle

In related news, EVP Kari G. Smith sold 20,000 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $59.36, for a total value of $1,187,200.00. Following the transaction, the executive vice president directly owned 150,354 shares of the company’s stock, valued at $8,925,013.44. This represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Peetz sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $55.74, for a total value of $83,610.00. Following the completion of the transaction, the director directly owned 23,623 shares in the company, valued at approximately $1,316,746.02. The trade was a 5.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 57,500 shares of company stock valued at $3,320,030 in the last quarter. Insiders own 39.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BKE shares. UBS Group boosted their price target on Buckle from $51.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, August 25th. Wall Street Zen upgraded Buckle from a “hold” rating to a “buy” rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Buckle has a consensus rating of “Hold” and an average target price of $54.00.

Buckle Company 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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.