Principal Financial Group Inc. Has $6.89 Million Stock Position in The Buckle, Inc. (NYSE:BKE)

Principal Financial Group Inc. boosted its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,114 shares of the company’s stock after buying an additional 3,150 shares during the period. Principal Financial Group Inc.’s holdings in Buckle were worth $6,891,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC increased its position in Buckle by 60,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 601 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the last quarter. Gladius Capital Management LP increased its position in Buckle by 408.3% in the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock worth $33,000 after purchasing an additional 788 shares during the last quarter. Planned Solutions Inc. acquired a new position in Buckle in the 4th quarter worth about $44,000. Quadrant Capital Group LLC increased its position in Buckle by 527.4% in the 4th quarter. Quadrant Capital Group LLC now owns 985 shares of the company’s stock worth $47,000 after purchasing an additional 828 shares during the last quarter. Finally, CWM LLC increased its position in Buckle by 321.2% in the 4th quarter. CWM LLC now owns 1,112 shares of the company’s stock worth $53,000 after purchasing an additional 848 shares during the last quarter. 53.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Buckle Stock Performance

Shares of BKE traded up $0.12 during trading hours on Friday, hitting $36.35. 31,162 shares of the company were exchanged, compared to its average volume of 409,069. The company has a market cap of $1.85 billion, a PE ratio of 8.54 and a beta of 1.15. The firm’s 50 day moving average is $37.22 and its 200-day moving average is $38.96. The Buckle, Inc. has a 52 week low of $30.31 and a 52 week high of $48.15.

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 the consensus estimate of $0.74 by ($0.05). The company had revenue of $262.50 million for the quarter, compared to the consensus estimate of $262.50 million. Buckle had a return on equity of 48.21% and a net margin of 17.07%. The business’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, July 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.85%. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

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.