Cambria Investment Management L.P. Trims Holdings in Buckle Inc (NYSE:BKE)

Cambria Investment Management L.P. trimmed its stake in shares of Buckle Inc (NYSE:BKE) by 4.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,078 shares of the company’s stock after selling 3,150 shares during the period. Cambria Investment Management L.P. owned about 0.13% of Buckle worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of Buckle by 4.2% in the third quarter. Bank of New York Mellon Corp now owns 811,449 shares of the company’s stock worth $18,704,000 after buying an additional 32,972 shares during the period. Renaissance Technologies LLC bought a new stake in Buckle during the 3rd quarter valued at $512,000. Teachers Advisors LLC raised its stake in Buckle by 5.6% during the 3rd quarter. Teachers Advisors LLC now owns 59,303 shares of the company’s stock valued at $1,367,000 after acquiring an additional 3,141 shares in the last quarter. Legal & General Group Plc raised its stake in Buckle by 11.3% during the 3rd quarter. Legal & General Group Plc now owns 70,366 shares of the company’s stock valued at $1,618,000 after acquiring an additional 7,136 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Buckle by 155.5% during the 3rd quarter. Morgan Stanley now owns 396,689 shares of the company’s stock valued at $9,143,000 after purchasing an additional 241,448 shares during the period. Hedge funds and other institutional investors own 66.54% of the company’s stock.

In other Buckle news, Director Robert Erle Campbell sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $19.00, for a total value of $38,000.00. Following the completion of the sale, the director now owns 30,464 shares of the company’s stock, valued at $578,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 41.80% of the stock is owned by insiders.

Shares of BKE stock traded down $0.02 on Friday, reaching $16.61. 287,398 shares of the company’s stock traded hands, compared to its average volume of 559,121. Buckle Inc has a 12-month low of $14.81 and a 12-month high of $29.65. The company has a current ratio of 2.30, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $795.23 million, a price-to-earnings ratio of 8.43 and a beta of 0.63.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, May 24th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). Buckle had a net margin of 10.47% and a return on equity of 22.96%. The firm had revenue of $201.31 million for the quarter, compared to analyst estimates of $200.93 million. During the same period in the previous year, the business posted $0.38 EPS. Buckle’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts predict that Buckle Inc will post 1.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 12th will be given a $0.25 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.02%. Buckle’s dividend payout ratio is currently 50.76%.

Several equities analysts have recently issued reports on BKE shares. ValuEngine upgraded Buckle from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. Deutsche Bank cut Buckle from a “hold” rating to a “sell” rating and set a $16.00 target price on the stock. in a report on Friday, March 8th. Zacks Investment Research cut Buckle from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, TheStreet downgraded Buckle from a “b-” rating to a “c” rating in a report on Friday, May 24th.

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Buckle Company 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, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

Featured Story: Intrinsic Value

Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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