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

Tudor Investment Corp ET AL purchased a new position in shares of Buckle, Inc. (The) (NYSE:BKE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,003 shares of the company’s stock, valued at approximately $939,000.

Several other institutional investors have also recently made changes to their positions in BKE. Dimensional Fund Advisors LP lifted its stake in shares of Buckle by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,303,606 shares of the company’s stock valued at $76,471,000 after purchasing an additional 13,556 shares during the period. American Century Companies Inc. lifted its stake in shares of Buckle by 7.8% in the 3rd quarter. American Century Companies Inc. now owns 1,209,869 shares of the company’s stock valued at $70,971,000 after purchasing an additional 87,920 shares during the period. UBS Group AG lifted its stake in shares of Buckle by 0.8% in the 3rd quarter. UBS Group AG now owns 369,091 shares of the company’s stock valued at $21,651,000 after purchasing an additional 2,941 shares during the period. Invesco Ltd. lifted its stake in shares of Buckle by 11.6% in the 3rd quarter. Invesco Ltd. now owns 332,167 shares of the company’s stock valued at $19,485,000 after purchasing an additional 34,398 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Buckle by 376.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after purchasing an additional 228,260 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Buckle

In related news, SVP Michelle Hoffman sold 16,200 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the completion of the sale, the senior vice president owned 29,682 shares of the company’s stock, valued at approximately $1,626,573.60. The trade was a 35.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kari G. Smith sold 30,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $54.57, for a total transaction of $1,637,100.00. Following the completion of the sale, the executive vice president directly owned 83,814 shares of the company’s stock, valued at approximately $4,573,729.98. The trade was a 26.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 126,200 shares of company stock valued at $6,517,932. 39.80% of the stock is owned by insiders.

Buckle Stock Performance

Shares of NYSE BKE opened at $53.31 on Wednesday. The firm has a market cap of $2.75 billion, a PE ratio of 12.88 and a beta of 1.18. The firm has a fifty day moving average of $51.76 and a 200 day moving average of $53.82. Buckle, Inc. has a one year low of $33.35 and a one year high of $61.69.

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

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, April 15th. Buckle’s payout ratio is presently 33.82%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BKE shares. UBS Group decreased their target price on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, March 16th. Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Buckle currently has an average rating of “Moderate Buy” and an average target price of $53.00.

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.