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Comerica Bank Sells 2,755 Shares of The Buckle, Inc. (NYSE:BKE)

Defense World · Jan 26, 2023 04:47

Comerica Bank cut its stake in shares of The Buckle, Inc. (NYSE:BKE – Get Rating) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,540 shares of the company's stock after selling 2,755 shares during the quarter. Comerica Bank's holdings in Buckle were worth $831,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd grew its stake in shares of Buckle by 2,840.6% during the 1st quarter. Covestor Ltd now owns 941 shares of the company's stock valued at $31,000 after acquiring an additional 909 shares during the period. Wipfli Financial Advisors LLC bought a new position in shares of Buckle during the 3rd quarter valued at approximately $30,000. Captrust Financial Advisors grew its stake in shares of Buckle by 58.3% during the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company's stock valued at $51,000 after acquiring an additional 573 shares during the period. Lazard Asset Management LLC grew its stake in shares of Buckle by 2,635.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,696 shares of the company's stock valued at $46,000 after acquiring an additional 1,634 shares during the period. Finally, Banque Cantonale Vaudoise grew its stake in shares of Buckle by 48.5% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,840 shares of the company's stock valued at $51,000 after acquiring an additional 601 shares during the period. 50.99% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Separately, StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a research note on Thursday, January 5th.

Insider Transactions at Buckle

In other news, SVP Michelle Hoffman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $45.45, for a total transaction of $454,500.00. Following the sale, the senior vice president now directly owns 63,882 shares of the company's stock, valued at approximately $2,903,436.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kari G. Smith sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 10th. The stock was sold at an average price of $48.10, for a total transaction of $1,202,500.00. Following the sale, the executive vice president now directly owns 133,654 shares of the company's stock, valued at approximately $6,428,757.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michelle Hoffman sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $45.45, for a total value of $454,500.00. Following the sale, the senior vice president now directly owns 63,882 shares in the company, valued at $2,903,436.90. The disclosure for this sale can be found here. Insiders own 40.20% of the company's stock.

Buckle Trading Up 1.1 %

NYSE BKE opened at $43.11 on Thursday. The stock's 50 day moving average is $44.64 and its 200 day moving average is $37.44. The Buckle, Inc. has a 12 month low of $26.50 and a 12 month high of $50.35. The stock has a market cap of $2.16 billion, a PE ratio of 8.52 and a beta of 1.00.

Buckle (NYSE:BKE – Get Rating) last posted its quarterly earnings results on Friday, November 18th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.25 by ($0.01). Buckle had a return on equity of 67.25% and a net margin of 18.93%. The business had revenue of $332.34 million during the quarter, compared to analysts' expectations of $332.30 million.

Buckle Announces Dividend

The firm also recently declared a None dividend, which will be paid on Friday, January 27th. Investors of record on Friday, January 13th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Thursday, January 12th. This represents a yield of 3.1%. Buckle's dividend payout ratio is presently 27.67%.

Buckle Company Profile

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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.