Vanguard Group Inc. Grows Stake in The Buckle, Inc. (NYSE:BKE)

Vanguard Group Inc. boosted its position in shares of The Buckle, Inc. (NYSE:BKE) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,287,797 shares of the company’s stock after acquiring an additional 55,192 shares during the quarter. Vanguard Group Inc. owned 8.50% of Buckle worth $203,756,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Buckle by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,266,360 shares of the company’s stock valued at $60,179,000 after purchasing an additional 14,079 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Buckle by 33.5% during the fourth quarter. Pacer Advisors Inc. now owns 1,148,796 shares of the company’s stock valued at $54,591,000 after buying an additional 288,056 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Buckle by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 941,784 shares of the company’s stock worth $44,754,000 after acquiring an additional 22,050 shares during the period. First Trust Advisors LP boosted its stake in shares of Buckle by 30.3% during the 4th quarter. First Trust Advisors LP now owns 768,177 shares of the company’s stock worth $36,504,000 after acquiring an additional 178,794 shares during the last quarter. Finally, Impala Asset Management LLC grew its position in shares of Buckle by 61.0% during the 3rd quarter. Impala Asset Management LLC now owns 476,564 shares of the company’s stock valued at $15,912,000 after acquiring an additional 180,581 shares during the period. Institutional investors own 53.93% of the company’s stock.

Buckle Stock Down 0.1 %

Shares of Buckle stock opened at $36.28 on Wednesday. The Buckle, Inc. has a 52 week low of $30.31 and a 52 week high of $48.15. The stock’s 50-day simple moving average is $37.25 and its 200-day simple moving average is $39.00. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.56 and a beta of 1.15.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, May 24th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.05). Buckle had a return on equity of 48.21% and a net margin of 17.07%. The business had revenue of $262.50 million during the quarter, compared to the consensus estimate of $262.50 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Friday, July 12th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Wall Street Analysts Forecast Growth

BKE has been the topic of several recent research reports. UBS Group decreased their price objective on Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday, June 24th.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.