Thrivent Financial for Lutherans Sells 27,041 Shares of The Buckle, Inc. (NYSE:BKE)

Posted by Defense World Staff on May 15th, 2023

Thrivent Financial for Lutherans trimmed its holdings in shares of The Buckle, Inc. (NYSE:BKE – Get Rating) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,563 shares of the company’s stock after selling 27,041 shares during the period. Thrivent Financial for Lutherans owned approximately 0.17% of Buckle worth $3,835,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Unison Advisors LLC lifted its holdings in shares of Buckle by 0.8% during the 4th quarter. Unison Advisors LLC now owns 33,201 shares of the company’s stock worth $1,506,000 after acquiring an additional 263 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Buckle by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 28,113 shares of the company’s stock valued at $1,275,000 after purchasing an additional 274 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Buckle by 1.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,113 shares of the company’s stock valued at $685,000 after purchasing an additional 275 shares during the last quarter. Arizona State Retirement System lifted its holdings in Buckle by 3.8% during the 4th quarter. Arizona State Retirement System now owns 8,481 shares of the company’s stock valued at $385,000 after purchasing an additional 313 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Buckle by 1.4% during the 1st quarter. Citigroup Inc. now owns 29,258 shares of the company’s stock valued at $966,000 after purchasing an additional 402 shares during the last quarter. 50.99% of the stock is owned by institutional investors.

Buckle Trading Up 1.2 %

BKE opened at $33.41 on Monday. The stock has a market capitalization of $1.69 billion, a PE ratio of 6.51 and a beta of 1.04. The Buckle, Inc. has a 1-year low of $26.50 and a 1-year high of $50.35. The firm has a 50-day moving average price of $34.65 and a two-hundred day moving average price of $40.09.

Buckle (NYSE:BKE – Get Rating) last posted its quarterly earnings data on Friday, March 10th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.14. The firm had revenue of $401.80 million during the quarter, compared to analysts’ expectations of $386.36 million. Buckle had a net margin of 18.93% and a return on equity of 65.52%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.69 EPS.

Buckle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 28th. Stockholders of record on Friday, April 14th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Thursday, April 13th. Buckle’s dividend payout ratio is 27.29%.

Analyst Ratings Changes

Several equities analysts recently issued reports on BKE shares. UBS Group started coverage on shares of Buckle in a report on Monday, April 10th. They set a “neutral” rating and a $37.00 price target for the company. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Thursday.

Buckle Profile

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The Buckle, Inc engages in the business of retailing medium to better-priced casual apparel, footwear, and accessories for fashion-conscious young men and women. The firm is also involved in the provision of customer services such as free hemming, free gift-packaging, easy layaways, private label credit card, and guest loyalty program.