SG Americas Securities LLC Reduces Stock Holdings in Buckle, Inc. (The) $BKE

SG Americas Securities LLC lowered its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 50.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,618 shares of the company’s stock after selling 14,100 shares during the period. SG Americas Securities LLC’s holdings in Buckle were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BKE. Baron Wealth Management LLC lifted its stake in shares of Buckle by 15.9% in the 1st quarter. Baron Wealth Management LLC now owns 7,997 shares of the company’s stock valued at $403,000 after purchasing an additional 1,095 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Buckle during the 4th quarter worth about $88,000. DGS Capital Management LLC raised its holdings in Buckle by 30.1% in the 4th quarter. DGS Capital Management LLC now owns 7,810 shares of the company’s stock valued at $417,000 after buying an additional 1,805 shares during the period. Invesco Ltd. raised its holdings in Buckle by 2.5% in the 4th quarter. Invesco Ltd. now owns 340,416 shares of the company’s stock valued at $18,185,000 after buying an additional 8,249 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its position in Buckle by 3.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,519 shares of the company’s stock valued at $1,096,000 after buying an additional 635 shares during the last quarter. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kari G. Smith sold 30,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $54.57, for a total value of $1,637,100.00. Following the completion of the transaction, the executive vice president owned 83,814 shares in the company, valued at $4,573,729.98. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michelle Hoffman sold 16,200 shares of Buckle stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $54.80, for a total value of $887,760.00. Following the transaction, the senior vice president owned 29,682 shares of the company’s stock, valued at $1,626,573.60. This represents a 35.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 48,700 shares of company stock worth $2,635,960. 39.80% of the stock is owned by corporate insiders.

Buckle Trading Up 1.4%

NYSE:BKE traded up $0.60 during mid-day trading on Tuesday, hitting $42.46. The stock had a trading volume of 7,385 shares, compared to its average volume of 481,434. The company has a market capitalization of $2.19 billion, a PE ratio of 9.74 and a beta of 1.08. The stock has a 50-day simple moving average of $47.25 and a two-hundred day simple moving average of $50.68. Buckle, Inc. has a twelve month low of $40.93 and a twelve month high of $61.69.

Buckle (NYSE:BKE) last announced its earnings results on Friday, May 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.18. The firm had revenue of $288.74 million during the quarter, compared to analysts’ expectations of $287.68 million. Buckle had a return on equity of 47.35% and a net margin of 16.85%.The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, July 15th. Buckle’s dividend payout ratio (DPR) is currently 32.11%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Buckle from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 25th. Wall Street Zen lowered Buckle from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group dropped their price objective on Buckle from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday, June 1st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Buckle presently has an average rating of “Hold” and an average price target of $47.00.

Buckle Company Profile

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.