Stevens Capital Partners acquired a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 61,446 shares of the company's stock, valued at approximately $2,593,000. Buckle makes up about 0.5% of Stevens Capital Partners' holdings, making the stock its 25th biggest position. Stevens Capital Partners owned 0.12% of Buckle at the end of the most recent reporting period.

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Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC increased its position in Buckle by 9.5% during the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company's stock worth $3,618,000 after acquiring an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Buckle by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company's stock worth $704,000 after purchasing an additional 797 shares during the period. Millennium Management LLC increased its holdings in shares of Buckle by 15.3% during the first quarter. Millennium Management LLC now owns 99,547 shares of the company's stock worth $3,815,000 after purchasing an additional 13,189 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company's stock valued at $25,000 after buying an additional 617 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Buckle by 323.6% in the second quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company's stock valued at $1,241,000 after buying an additional 20,905 shares during the period. Institutional investors and hedge funds 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 firm's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the sale, the director owned 52,908 shares in the company, valued at $2,351,231.52. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 38.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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Several equities analysts have weighed in on BKE shares. UBS Group dropped their price objective on Buckle from $47.00 to $46.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Weiss Ratings downgraded Buckle from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.00.

View Our Latest Analysis on BKE

Buckle Stock Performance

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Shares of BKE stock opened at $43.09 on Wednesday. Buckle, Inc. has a fifty-two week low of $40.73 and a fifty-two week high of $61.69. The stock's fifty day moving average price is $43.71 and its two-hundred day moving average price is $48.48. The company has a market cap of $2.22 billion, a PE ratio of 9.88 and a beta of 1.10.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly 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. The company had revenue of $288.74 million during the quarter, compared to analysts' expectations of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.Buckle's revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS.

Buckle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Wednesday, July 15th. Buckle's dividend payout ratio is currently 32.11%.

Buckle 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.

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

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