Buckle (NYSE:BKE) posted a 4.6% increase in same-store sales in August. Buckle shares saw a 0% price increase on the first trading day following the news. The Buckle, Inc. is now running a special promotion in honor of the holidays. Separately, in a research note published Tuesday, August 16, Bloomberg revised its previous rating for Buckle from “hold” to “buy.” Buckle shares began trading at $32.65 per share on Friday. The company’s stock has a price-to-earnings ratio of 6.43 and its beta value is 1.08, giving it a market capitalization of $1.64 billion. The company’s moving averages over the past 50 days are $30.50; in the last 200 days they are $32.33. Over the past twelve months, the cost of a buckle could have ranged from $26.50 to $57.10. The Buckle is a stock that combines excellent returns with strong growth potential (NYSE: BKE).
Additionally, the company announced a quarterly dividend, which was then distributed on July 29. On Friday, July 15, a dividend payment of $0.35 was made to registered shareholders. On an annualized basis, this equates to a dividend payment of $1.40 and a dividend yield of 4.29%. The date on which dividends were no longer paid was Thursday, July 14. Currently, Buckle’s dividend payout ratio (also known as DPR) is 27.56%. BKE has seen the number of major investors increase or decrease their stake in the company over the past few months. In the first three months of 2018, Marshall Financial Group LLC increased the percentage of Buckle shares held by 1.8%. Marshall Financial Group LLC increased its stake in the company’s shares by 364, bringing the total number of shares it holds to 20,262, worth $669,000. Citigroup Inc. increased its stake in Buckle by 1.4% during the first quarter of the year. Citigroup Inc. now owns 29,258 shares of the company, which are valued at $966,000. This was achieved through the acquisition of 402 additional shares during the period.
During the last three months of 2018, Private Advisor Group LLC increased its stake in Buckle by 7.4%. After purchasing an additional 410 shares of the company during the last quarter, Private Advisor Group LLC now owns a total stake, equal to 5,930 shares worth $251,000. In the first three months of 2018, the Texas Teachers’ Retirement System increased its holdings in Buckle by 8.2%. After purchasing an additional 467 shares in the previous quarter, the Teacher Retirement System of Texas now owns 6,161 shares in the company. The present value of these shares is equal to $204,000. Last but not least, during the period covered by the Q2 report, National Bank of Canada FI added an additional 1.7% of Buckle shares to its holdings. National Bank of Canada FI now owns 32,020 shares of the company, valued at $886,000. This results from the purchase of 522 additional shares during the period in question. Hedge funds and other institutional investors hold 53.62% of the company’s shares. The Buckle provides information about their business. The Buckle, Inc. is an American retailer that provides young men and women with casual clothing, accessories and footwear. In addition to their brands, which primarily include BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ+EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, and JB