Impala Asset Management LLC Has $21.13 Million Holdings in Buckle, Inc. (The) $BKE

Impala Asset Management LLC increased its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 419,578 shares of the company’s stock after acquiring an additional 19,459 shares during the period. Buckle comprises approximately 9.8% of Impala Asset Management LLC’s investment portfolio, making the stock its 3rd largest holding. Impala Asset Management LLC owned 0.81% of Buckle worth $21,130,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Buckle by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 3,970,767 shares of the company’s stock worth $212,118,000 after purchasing an additional 89,441 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Buckle by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,370,398 shares of the company’s stock worth $73,207,000 after acquiring an additional 5,784 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Buckle by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,342,045 shares of the company’s stock worth $67,582,000 after buying an additional 30,128 shares during the last quarter. State Street Corp lifted its position in shares of Buckle by 4.3% in the fourth quarter. State Street Corp now owns 1,321,675 shares of the company’s stock valued at $70,604,000 after buying an additional 54,826 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Buckle by 26.8% during the 4th quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock worth $66,475,000 after acquiring an additional 263,338 shares during the period. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 38.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group decreased their price objective on shares of Buckle from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Monday, June 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $47.00.

Buckle Stock Up 1.2%

Shares of BKE stock opened at $43.15 on Thursday. Buckle, Inc. has a 12-month low of $40.73 and a 12-month high of $61.69. The company has a market capitalization of $2.22 billion, a PE ratio of 9.90 and a beta of 1.08. The firm has a 50 day moving average price of $44.64 and a two-hundred day moving average price of $49.64.

Buckle (NYSE:BKE) last posted its 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. The company had revenue of $288.74 million for the quarter, compared to the consensus estimate of $287.68 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 6.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 earnings per share.

Buckle Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, July 15th. Buckle’s dividend payout ratio is currently 32.11%.

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.