Hennion & Walsh Asset Management Inc. Trims Stock Position in The Buckle, Inc. (NYSE:BKE)

Hennion & Walsh Asset Management Inc. decreased its position in shares of The Buckle, Inc. (NYSE:BKE) by 45.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,775 shares of the company’s stock after selling 8,819 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Buckle were worth $434,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKE. Deutsche Bank AG boosted its position in shares of Buckle by 12.3% in the 3rd quarter. Deutsche Bank AG now owns 16,312 shares of the company’s stock valued at $545,000 after purchasing an additional 1,783 shares during the period. Invesco Ltd. boosted its holdings in shares of Buckle by 2.5% in the third quarter. Invesco Ltd. now owns 223,649 shares of the company’s stock valued at $7,468,000 after acquiring an additional 5,473 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Buckle during the third quarter worth approximately $418,000. Tower Research Capital LLC TRC increased its holdings in shares of Buckle by 510.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 19,053 shares of the company’s stock valued at $636,000 after acquiring an additional 15,931 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in Buckle in the 3rd quarter valued at $963,000. Institutional investors and hedge funds own 53.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BKE. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research report on Monday, June 24th. UBS Group dropped their price target on Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, May 15th.

Buckle Price Performance

Buckle stock opened at $36.17 on Thursday. The business has a 50 day simple moving average of $37.23 and a 200-day simple moving average of $38.98. The Buckle, Inc. has a 12 month low of $30.31 and a 12 month high of $48.15. The stock has a market capitalization of $1.84 billion, a PE ratio of 8.53 and a beta of 1.15.

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

Buckle Dividend Announcement

The firm 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 $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Friday, July 12th. Buckle’s dividend payout ratio is presently 33.02%.

Buckle Profile

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.