Impala Asset Management LLC Has $21.37 Million Stake in Buckle, Inc. (The) $BKE

Impala Asset Management LLC increased its holdings in Buckle, Inc. (The) (NYSE:BKE) by 68.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 400,119 shares of the company’s stock after purchasing an additional 162,119 shares during the period. Buckle accounts for 13.5% of Impala Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Impala Asset Management LLC’s holdings in Buckle were worth $21,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its holdings in Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after buying an additional 208 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after buying an additional 592 shares during the period. Quarry LP bought a new position in Buckle in the 3rd quarter worth approximately $65,000. Finally, Quadrant Capital Group LLC bought a new position in Buckle in the 3rd quarter worth approximately $74,000. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

Shares of NYSE:BKE opened at $45.24 on Friday. The firm has a fifty day moving average price of $50.55 and a two-hundred day moving average price of $52.21. Buckle, Inc. has a one year low of $42.39 and a one year high of $61.69. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 10.38 and a beta of 1.08.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The firm had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. During the same period last year, the firm earned $0.70 EPS. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Buckle’s dividend payout ratio (DPR) is presently 32.11%.

Insider Buying and Selling at Buckle

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the transaction, the director directly owned 52,908 shares of the company’s stock, valued at $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 is available at this link. Also, SVP Michelle Hoffman sold 29,281 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the completion of the transaction, the senior vice president directly owned 45,882 shares of the company’s stock, valued at approximately $2,253,723.84. The trade was a 38.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,700 shares of company stock valued at $6,629,032 in the last three months. Company insiders own 39.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Buckle from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Wall Street Zen downgraded shares of Buckle from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Finally, UBS Group cut their price objective on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.00.

Buckle Company 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.