Summit Global Investments bought a new position in Buckle, Inc. (The) (NYSE:BKE - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 23,509 shares of the company's stock, valued at approximately $992,000.

• 3 Small-Cap Stocks to Buy as the Russell 2000 Extends Its Rally

A number of other large investors have also recently modified their holdings of the stock. Amundi grew its holdings in shares of Buckle by 676.9% during the 4th quarter. Amundi now owns 421,200 shares of the company's stock worth $22,501,000 after acquiring an additional 366,986 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Buckle by 44.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company's stock worth $55,746,000 after acquiring an additional 323,361 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Buckle by 1,066.8% in the first quarter. Lazard Asset Management LLC now owns 297,594 shares of the company's stock worth $14,987,000 after acquiring an additional 272,088 shares during the last quarter. Morgan Stanley grew its stake in shares of Buckle by 26.8% in the fourth quarter. Morgan Stanley now owns 1,244,389 shares of the company's stock worth $66,475,000 after acquiring an additional 263,338 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Buckle by 3,695.1% during the third quarter. Two Sigma Investments LP now owns 242,510 shares of the company's stock valued at $14,226,000 after acquiring an additional 236,120 shares in the last quarter. Institutional investors own 53.93% of the company's stock.

Insider Buying and Selling

In other Buckle news, Director Bill L. Fairfield sold 2,500 shares of the business's stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the transaction, the director owned 52,908 shares of the company's stock, valued at approximately $2,351,231.52. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 38.40% of the company's stock.

Wall Street Analyst Weigh In

• Compound your way to wealth with these retail stocks

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Buckle from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. UBS Group reduced their price objective on shares of Buckle from $47.00 to $46.00 and set a "neutral" rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $46.00.

Read Our Latest Stock Report on Buckle

Buckle Trading Down 1.6%

• 3 Unstoppable Value Stocks You Did Not Expect

Shares of BKE opened at $44.09 on Friday. The business's fifty day simple moving average is $43.77 and its two-hundred day simple moving average is $48.56. Buckle, Inc. has a 12 month low of $40.73 and a 12 month high of $61.69. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 10.11 and a beta of 1.10.

Buckle (NYSE:BKE - Get Free Report) last posted its earnings results on Friday, May 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $287.68 million. During the same quarter last year, the company earned $0.70 EPS. The company's quarterly revenue was up 6.1% compared to the same quarter last year.

Buckle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 32.11%.

Buckle Company Profile

(Free Report)

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.

See Also

• Five stocks we like better than Buckle
• Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
• Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
• NVIDIA's $500 Billion GPU Financing Deal Fuels Path Toward $270
• Sandisk’s Margins Look Like Software. Can They Last?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Buckle Right Now?

Before you consider Buckle, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Buckle wasn't on the list.

While Buckle currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here