Buckle, Inc. has recently seen a rise in institutional investment, indicating growing confidence in the company's performance.
Dimensional Fund Advisors LP has increased its stake in Buckle by 2.2% during the second quarter, while Victory Capital Management Inc. has also increased its position by 2.2%. American Century Companies Inc. made a more significant move, lifting its stake by 14.0%. Collectively, institutional investors and hedge funds own 53.93% of Buckle's stock.
Buckle operates as a retailer specializing in casual apparel, footwear, and accessories targeted at young men and women across the United States. The company offers a diverse range of brand-name casual apparel, including denim, tops, sportswear, and private label merchandise.
Buckle's stock has recently experienced fluctuations, with a 52-week low of $33.05 and a high of $48.15. Analysts have upgraded Buckle's stock ratings, with UBS Group moving from a "sell" to a "neutral" rating and StockNews.com raising its rating from "hold" to "buy."
In recent insider transactions, CEO Dennis H. Nelson sold shares of Buckle stock, but still retains a significant ownership stake.
Buckle's financial results for the most recent quarter showed strong profitability and efficient management. The company's strategic positioning and product offerings align well with current consumer trends.