EntryPoint Capital LLC Buys Shares of 1,729 The Buckle, Inc. (NYSE:BKE)

EntryPoint Capital LLC purchased a new position in shares of The Buckle, Inc. (NYSE:BKE) in the 1st quarter, HoldingsChannel reports. The firm purchased 1,729 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFO Wealth Partners LLC raised its stake in Buckle by 60,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after buying an additional 600 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Buckle during the 4th quarter worth about $44,000. Quadrant Capital Group LLC boosted its position in shares of Buckle by 527.4% during the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock valued at $47,000 after purchasing an additional 828 shares in the last quarter. CWM LLC grew its stake in Buckle by 321.2% during the fourth quarter. CWM LLC now owns 1,112 shares of the company’s stock worth $53,000 after purchasing an additional 848 shares during the period. Finally, Signaturefd LLC grew its stake in Buckle by 113.7% during the fourth quarter. Signaturefd LLC now owns 1,404 shares of the company’s stock worth $67,000 after purchasing an additional 747 shares during the period. Institutional investors and hedge funds own 53.93% of the company’s stock.

Insider Activity at Buckle

In other Buckle news, Director John P. Peetz sold 2,500 shares of Buckle stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $40.26, for a total transaction of $100,650.00. Following the transaction, the director now directly owns 24,623 shares of the company’s stock, valued at approximately $991,321.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 39.80% of the stock is currently owned by insiders.

Buckle Stock Up 3.6 %

BKE traded up $1.44 during trading on Friday, hitting $41.59. 842,781 shares of the company’s stock were exchanged, compared to its average volume of 364,459. The Buckle, Inc. has a fifty-two week low of $30.31 and a fifty-two week high of $48.15. The stock has a market cap of $2.11 billion, a P/E ratio of 9.81 and a beta of 1.15. The business’s 50 day moving average is $37.42 and its two-hundred day moving average is $38.10.

Buckle (NYSE:BKE) last released its quarterly earnings results on Friday, May 24th. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.05). The company had revenue of $262.50 million for the quarter, compared to analyst estimates of $262.50 million. Buckle had a net margin of 17.07% and a return on equity of 48.21%. Buckle’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.86 EPS.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, July 12th. This represents a $1.40 annualized dividend and a yield of 3.37%. Buckle’s dividend payout ratio (DPR) is currently 33.02%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKE. StockNews.com raised Buckle from a “hold” rating to a “buy” rating in a research note on Monday, June 24th. UBS Group dropped their target price on shares of Buckle from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Wednesday, May 15th.

Buckle Profile

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.