The Buckle, Inc. (NYSE:BKE) Shares Acquired by Texas Permanent School Fund Corp

Jul 29, 2023

Texas Permanent School Fund Corp lifted its position in shares of The Buckle, Inc. (NYSE:BKE - Free Report) by 33.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,504 shares of the company's stock after buying an additional 6,634 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.05% of Buckle worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Buckle by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,574,626 shares of the company's stock valued at $144,832,000 after purchasing an additional 199,559 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Buckle by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,390 shares of the company's stock valued at $51,715,000 after purchasing an additional 13,397 shares during the last quarter. State Street Corp raised its stake in Buckle by 6.6% in the 2nd quarter. State Street Corp now owns 1,122,943 shares of the company's stock valued at $31,094,000 after purchasing an additional 69,714 shares during the last quarter. Renaissance Technologies LLC raised its stake in Buckle by 167.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,047,168 shares of the company's stock valued at $34,598,000 after purchasing an additional 655,866 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Buckle by 8.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 875,928 shares of the company's stock valued at $39,723,000 after purchasing an additional 67,218 shares during the last quarter. Institutional investors and hedge funds own 54.50% of the company's stock.

NYSE BKE opened at $35.68 on Thursday. The Buckle, Inc. has a 12 month low of $29.74 and a 12 month high of $50.35. The company has a 50-day moving average of $34.18 and a 200-day moving average of $36.31. The company has a market cap of $1.80 billion, a P/E ratio of 7.33 and a beta of 1.08.

Buckle (NYSE:BKE - Get Free Report) last issued its earnings results on Friday, May 26th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.06). Buckle had a return on equity of 60.35% and a net margin of 18.37%. The firm had revenue of $282.40 million for the quarter, compared to analysts' expectations of $297.30 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Thursday, July 13th. Buckle's payout ratio is currently 28.75%.

A number of research analysts have recently commented on the stock. UBS Group assumed coverage on shares of Buckle in a research note on Monday, April 10th. They set a "neutral" rating and a $37.00 price objective for the company. StockNews.com downgraded shares of Buckle from a "buy" rating to a "hold" rating in a research note on Monday, May 29th.

Get Our Latest Report on BKE

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, Reclaim, BKE Vintage, Nova Industries, J.B.

Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Buckle, Inc. (NYSE:BKE - Free Report).

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