Jensen Investment Management Inc buys $475,376 stake in Buckle Inc (BKE)

Buckle Inc (BKE) : Jensen Investment Management Inc scooped up 4,670 additional shares in Buckle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 17,230 shares of Buckle Inc which is valued at $475,376.Buckle Inc makes up approximately 0.01% of Jensen Investment Management Inc’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo sold out all of its stake in BKE during the most recent quarter. The investment firm sold 9,475 shares of BKE which is valued $261,415. Gemmer Asset Management sold out all of its stake in BKE during the most recent quarter. The investment firm sold 61 shares of BKE which is valued $1,585.Botty Investors reduced its stake in BKE by selling 1,400 shares or 11.85% in the most recent quarter. The Hedge Fund company now holds 10,415 shares of BKE which is valued at $270,686. Buckle Inc makes up approx 0.15% of Botty Investors’s portfolio. Adams Asset Advisors added BKE to its portfolio by purchasing 24,439 company shares during the most recent quarter which is valued at $640,791. Buckle Inc makes up approx 0.11% of Adams Asset Advisors’s portfolio.Nn Investment Partners Holdings N.v. reduced its stake in BKE by selling 655 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 26,280 shares of BKE which is valued at $701,676. Buckle Inc makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.

Buckle Inc opened for trading at $27.14 and hit $27.4 on the upside on Friday, eventually ending the session at $27.39, with a gain of 0.92% or 0.25 points. The heightened volatility saw the trading volume jump to 2,18,382 shares. Company has a market cap of $1,332 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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