BlackRock Amends Buckle Inc. Stake, Signals Portfolio Adjustment
Ticker: BKE · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 885245
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment, retail
TL;DR
**BlackRock updated its Buckle Inc. stake, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating a change in its ownership of Buckle Inc. common stock as of December 31, 2023. This filing, Amendment No. 9, shows BlackRock's updated passive investment stake in the retail clothing company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Buckle Inc.'s future performance.
Why It Matters
This filing provides transparency into a significant institutional investor's position, which can influence market perception and potentially stock price movements for Buckle Inc.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate, significant risk to the company or its stock.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, but this routine update doesn't suggest an immediate buy or sell signal. It's a data point for understanding institutional interest.
Key Numbers
- 118440106 — CUSIP Number (identifies Buckle Inc.'s Common Stock)
- 0000885245 — Buckle Inc. CIK (Central Index Key for Buckle Inc.)
- 0001364742 — BlackRock Inc. CIK (Central Index Key for BlackRock Inc.)
- 005-49571 — SEC File Number (identifies Buckle Inc.'s registration with the SEC)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Buckle Inc. (company) — the subject company, a retail-family clothing store
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 9 (dollar_amount) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in Buckle Inc. (BlackRock Inc.) — high confidence, target: Next SC 13G/A filing (early 2025)
FAQ
What type of filing is this document and what does it signify?
This document is an SC 13G/A, which is an amendment to a Schedule 13G. It signifies that BlackRock Inc., a passive institutional investor, is updating its beneficial ownership stake in Buckle Inc. as of December 31, 2023, as required by Rule 13d-1(b).
Who is the reporting person in this filing and what is their role?
The reporting person is BlackRock Inc., a major institutional investment manager. Their role is to disclose their passive ownership of more than 5% of a company's outstanding shares, in this case, Buckle Inc.
What is the subject company and what industry are they in?
The subject company is Buckle Inc., identified by CIK 0000885245. They are classified under the Standard Industrial Classification 'RETAIL-FAMILY CLOTHING STORES [5651]'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule filed under?
This Schedule is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding BUCKLE INC (BKE).