Hays Advisory Lowers stake in Buckle Inc (BKE)

Buckle Inc (BKE) : Hays Advisory reduced its stake in Buckle Inc by 14.14% during the most recent quarter end. The investment management company now holds a total of 113,372 shares of Buckle Inc which is valued at $2,972,614 after selling 18,670 shares in Buckle Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Buckle Inc makes up approximately 0.45% of Hays Advisory’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha sold out all of its stake in BKE during the most recent quarter. The investment firm sold 18,673 shares of BKE which is valued $489,606.Nisa Investment Advisors boosted its stake in BKE in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,000 shares of Buckle Inc which is valued at $420,160. Buckle Inc makes up approx 0.01% of Nisa Investment Advisors’s portfolio.First Manhattan Co reduced its stake in BKE by selling 3,270 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 186,413 shares of BKE which is valued at $4,895,205. Buckle Inc makes up approx 0.03% of First Manhattan Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in BKE in the latest quarter, The investment management firm added 4,636 additional shares and now holds a total of 9,739 shares of Buckle Inc which is valued at $256,330.

Buckle Inc opened for trading at $26.01 and hit $26.25 on the upside on Wednesday, eventually ending the session at $26.22, with a gain of 1.20% or 0.31 points. The heightened volatility saw the trading volume jump to 1,85,806 shares. Company has a market cap of $1,275 M.

On the company’s financial health, Buckle Inc reported $0.48 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 20, 2016. Analyst had a consensus of $0.57. The company had revenue of $243.50 million for the quarter, compared to analysts expectations of $251.39 million. The company’s revenue was down -10.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Buckle Inc. Wolfe Research Downgraded Buckle Inc on May 9, 2016 to ” Underperform”, Price Target of the shares are set at $23.

The Buckle Inc. is a retailer of casual apparel footwear and accessories for young men and women. As of March 26 2015 the Company operated 462 retail stores in 44 states of the United States under the names of Buckle and The Buckle. The existing stores are in four downtown locations nine strip centers 56 lifestyle centers and 393 shopping malls. The Company markets a selection of brand name casual apparel including denims other casual bottoms tops sportswear outerwear accessories and footwear. The Company provides customer services such as free hemming free gift-wrapping easy layaways the Buckle private label credit card and a frequent shopper program. The Company offers denims from brands such as Big Star Vintage Miss Me Rock Revival Silver Jeans and Buffalo Jeans. Other brands include Hurley Billabong Roxy Affliction American Fighter Sinful Obey Roar RVCA Salvage Society Fox Oakley Bench Corral Reef Young & Reckless 7 Diamonds and Fossil.

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