Fort buys $12,332,333 stake in Buckle Inc (BKE)

Buckle Inc (BKE) : Fort scooped up 28,228 additional shares in Buckle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 474,503 shares of Buckle Inc which is valued at $12,332,333.Buckle Inc makes up approximately 4.78% of Fort’s portfolio.

Other Hedge Funds, Including , Paradigm Asset Management Co added BKE to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $75,371. Buckle Inc makes up approx 0.01% of Paradigm Asset Management Co’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in BKE in the latest quarter, The investment management firm added 5,773 additional shares and now holds a total of 694,285 shares of Buckle Inc which is valued at $18,044,467. Peak6 Investments added BKE to its portfolio by purchasing 3,280 company shares during the most recent quarter which is valued at $85,247. Buckle Inc makes up approx 0.01% of Peak6 Investments’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in BKE by selling 4,257 shares or 19.42% in the most recent quarter. The Hedge Fund company now holds 17,669 shares of BKE which is valued at $459,394.Hays Advisory reduced its stake in BKE by selling 18,670 shares or 14.14% in the most recent quarter. The Hedge Fund company now holds 113,372 shares of BKE which is valued at $2,972,614. Buckle Inc makes up approx 0.45% of Hays Advisory’s portfolio.

Buckle Inc opened for trading at $26.82 and hit $27.08 on the upside on Monday, eventually ending the session at $26.96, with a gain of 0.52% or 0.14 points. The heightened volatility saw the trading volume jump to 2,16,500 shares. Company has a market cap of $1,311 M.

On the company’s financial health, Buckle Inc reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 19, 2016. Analyst had a consensus of $0.35. The company had revenue of $212.20 million for the quarter, compared to analysts expectations of $217.70 million. The company’s revenue was down -10.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.49 EPS.

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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