ExodusPoint Capital Management LP Takes Position in The Buckle, Inc. (NYSE:BKE)

Posted by Defense World Staff on Sep 3rd, 2023

ExodusPoint Capital Management LP acquired a new stake in shares of The Buckle, Inc. (NYSE:BKE – Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 44,072 shares of the company’s stock, valued at approximately $1,573,000. ExodusPoint Capital Management LP owned about 0.09% of Buckle at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BKE. Y Intercept Hong Kong Ltd acquired a new position in shares of Buckle in the 1st quarter valued at $657,000. Landscape Capital Management L.L.C. acquired a new stake in Buckle in the 1st quarter worth about $492,000. CoreCap Advisors LLC acquired a new position in shares of Buckle during the 4th quarter worth approximately $98,000. Envestnet Asset Management Inc. boosted its holdings in shares of Buckle by 8.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 20,532 shares of the company’s stock worth $931,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Citigroup Inc. lifted its holdings in Buckle by 22.0% in the fourth quarter. Citigroup Inc. now owns 23,148 shares of the company’s stock valued at $1,050,000 after acquiring an additional 4,178 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insider Activity

In other Buckle news, SVP Brett P. Milkie sold 15,000 shares of Buckle stock in a transaction on Monday, August 21st. The shares were sold at an average price of $37.89, for a total value of $568,350.00. Following the transaction, the senior vice president now owns 80,770 shares in the company, valued at approximately $3,060,375.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 40.10% of the company’s stock.

Buckle Price Performance

NYSE BKE opened at $36.91 on Friday. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $50.35. The company has a market capitalization of $1.86 billion, a PE ratio of 7.72 and a beta of 1.08. The company has a fifty day moving average of $35.69 and a two-hundred day moving average of $35.30.

Buckle (NYSE:BKE – Get Free Report) last released its quarterly earnings data on Friday, August 18th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. Buckle had a net margin of 18.16% and a return on equity of 57.52%. The company had revenue of $292.40 million during the quarter, compared to the consensus estimate of $292.40 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. Buckle’s revenue for the quarter was down 3.2% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.79%. Buckle’s dividend payout ratio is presently 29.29%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. UBS Group upped their price objective on Buckle from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, August 21st.

Check Out Our Latest Analysis on Buckle

Buckle Profile

(Free Report)

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.