Landscape Capital Management L.L.C. Makes New $2.59 Million Investment in Buckle, Inc. (The) $BKE

Landscape Capital Management L.L.C. bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,287 shares of the company’s stock, valued at approximately $2,586,000. Landscape Capital Management L.L.C. owned about 0.12% of Buckle at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Geneos Wealth Management Inc. increased its holdings in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after purchasing an additional 617 shares during the last quarter. Miller Capital Partners Inc. acquired a new position in Buckle during the fourth quarter worth $37,000. Hantz Financial Services Inc. boosted its stake in Buckle by 51.6% during the fourth quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock worth $38,000 after buying an additional 239 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after buying an additional 592 shares in the last quarter. Finally, Quarry LP purchased a new stake in Buckle in the 3rd quarter valued at $65,000. 53.93% of the stock is currently owned by hedge funds and other institutional investors.

Buckle Stock Performance

BKE stock opened at $43.80 on Friday. Buckle, Inc. has a one year low of $40.73 and a one year high of $61.69. The firm has a market cap of $2.26 billion, a PE ratio of 10.09 and a beta of 1.10. The firm’s 50 day moving average price is $43.61 and its 200-day moving average price is $48.38.

Buckle (NYSE:BKE) last issued its quarterly earnings data on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The company had revenue of $319.82 million during the quarter, compared to analyst estimates of $319.80 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, July 15th. Buckle’s dividend payout ratio is 32.11%.

Analysts Set New Price Targets

Several research firms have recently commented on BKE. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 14th. UBS Group dropped their price objective on shares of Buckle from $47.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.00.

Insider Buying and Selling at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares of the company’s stock, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 38.40% of the company’s stock.

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.