Stevens Capital Partners Takes $2.59 Million Position in Buckle, Inc. (The) $BKE

Stevens Capital Partners bought a new position in shares of Buckle, Inc. (The) (NYSE:BKE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 61,446 shares of the company’s stock, valued at approximately $2,593,000. Buckle accounts for approximately 0.5% of Stevens Capital Partners’ holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Buckle during the second quarter valued at $208,888,000. Deutsche Bank AG bought a new position in Buckle during the 2nd quarter worth $1,607,000. Chase Investment Counsel Corp acquired a new position in Buckle during the 2nd quarter worth about $1,519,000. Global Retirement Partners LLC bought a new stake in shares of Buckle in the 2nd quarter valued at about $123,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Buckle in the second quarter valued at about $27,466,000. 53.93% of the stock is currently owned by institutional investors and hedge funds.

Buckle Trading Down 0.2%

BKE stock opened at $43.09 on Wednesday. The firm has a market cap of $2.22 billion, a PE ratio of 9.88 and a beta of 1.10. The stock has a 50-day moving average price of $43.71 and a 200-day moving average price of $48.48. Buckle, Inc. has a 1-year low of $40.73 and a 1-year high of $61.69.

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

Buckle Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on BKE shares. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. UBS Group lowered their price target 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $46.00.

Insider Buying and Selling at Buckle

In other news, Director Bill L. Fairfield sold 2,500 shares of Buckle 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 sale, the director owned 52,908 shares in the company, valued at $2,351,231.52. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 38.40% of the stock is owned by corporate insiders.

About Buckle

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.