The Manufacturers Life Insurance Company Makes New $674,000 Investment in Buckle, Inc. (The) $BKE

The Manufacturers Life Insurance Company bought a new stake in Buckle, Inc. (The) (NYSE:BKE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,962 shares of the company’s stock, valued at approximately $674,000.

Several other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after purchasing an additional 617 shares in the last quarter. Miller Capital Partners Inc. acquired a new stake in Buckle during the 4th quarter valued at $37,000. Hantz Financial Services Inc. raised its position in Buckle by 51.6% in the 4th quarter. Hantz Financial Services Inc. now owns 702 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Buckle by 162.2% in the second quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock worth $43,000 after purchasing an additional 592 shares in the last quarter. Finally, Quarry LP acquired a new position in Buckle in the third quarter worth $65,000. Institutional investors own 53.93% of the company’s stock.

Buckle Stock Up 0.1%

Shares of BKE stock opened at $43.19 on Monday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 9.95 and a beta of 1.11. Buckle, Inc. has a 12 month low of $40.73 and a 12 month high of $61.69. The stock has a 50-day moving average price of $43.45 and a 200 day moving average price of $47.79.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $319.82 million during the quarter, compared to the consensus estimate of $319.80 million. Buckle had a net margin of 16.62% and a return on equity of 46.91%. Buckle’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.89 earnings per share.

Analyst Upgrades and Downgrades

BKE has been the subject of a number of research analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Buckle in a report on Monday, August 24th. Weiss Ratings cut shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.00.

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.