Ameriprise Financial Inc. Raises Position in Buckle, Inc. (The) (NYSE:BKE)

Ameriprise Financial Inc. boosted its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 34.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,826 shares of the company’s stock after buying an additional 57,916 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of Buckle, Inc. (The) worth $4,202,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BKE. Texas Permanent School Fund increased its position in Buckle, Inc. (The) by 0.3% in the first quarter. Texas Permanent School Fund now owns 20,418 shares of the company’s stock worth $380,000 after buying an additional 67 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Buckle, Inc. (The) by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the company’s stock worth $214,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Buckle, Inc. (The) by 3.8% in the first quarter. BNP Paribas Arbitrage SA now owns 13,453 shares of the company’s stock worth $250,000 after buying an additional 493 shares in the last quarter. Creative Planning increased its position in Buckle, Inc. (The) by 3.6% in the first quarter. Creative Planning now owns 18,479 shares of the company’s stock worth $344,000 after buying an additional 647 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Buckle, Inc. (The) by 15.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock worth $102,000 after buying an additional 737 shares in the last quarter. 66.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Buckle, Inc. (NYSE BKE) traded down 2.88% during trading on Friday, reaching $16.85. 318,500 shares of the company were exchanged. The stock has a market capitalization of $812.47 million, a PE ratio of 8.92 and a beta of 0.89. The stock has a 50-day moving average price of $17.14 and a 200-day moving average price of $18.56. Buckle, Inc. has a one year low of $16.00 and a one year high of $28.67.

Buckle, Inc. (The) (NYSE:BKE) last released its quarterly earnings data on Thursday, May 18th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Buckle, Inc. (The) had a return on equity of 20.95% and a net margin of 9.66%. The business had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.42 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. Analysts forecast that Buckle, Inc. will post $1.72 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Friday, July 14th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.93%. Buckle, Inc. (The)’s dividend payout ratio (DPR) is 53.19%.

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BKE has been the subject of several recent analyst reports. Deutsche Bank AG raised shares of Buckle, Inc. (The) from a “sell” rating to a “hold” rating and increased their price target for the company from $15.00 to $16.00 in a report on Friday, April 7th. Zacks Investment Research raised shares of Buckle, Inc. (The) from a “strong sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine raised shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a report on Saturday, May 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $19.00.

About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Institutional Ownership by Quarter for Buckle, Inc. (The) (NYSE:BKE)

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