Y Intercept Hong Kong Ltd Has $2.60 Million Stock Holdings in Buckle, Inc. (The) $BKE

Y Intercept Hong Kong Ltd lowered its holdings in Buckle, Inc. (The) (NYSE:BKE) by 50.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,722 shares of the company’s stock after selling 51,631 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.10% of Buckle worth $2,605,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BKE. Intech Investment Management LLC lifted its position in shares of Buckle by 172.3% in the 4th quarter. Intech Investment Management LLC now owns 134,849 shares of the company’s stock worth $7,204,000 after acquiring an additional 85,330 shares during the period. JPMorgan Chase & Co. increased its position in shares of Buckle by 376.3% during the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after purchasing an additional 228,260 shares during the period. SG Americas Securities LLC raised its stake in shares of Buckle by 113.7% in the fourth quarter. SG Americas Securities LLC now owns 27,718 shares of the company’s stock valued at $1,481,000 after purchasing an additional 14,746 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Buckle in the fourth quarter valued at $1,171,000. Finally, Artemis Investment Management LLP bought a new position in Buckle in the fourth quarter worth $1,817,000. 53.93% of the stock is owned by institutional investors.

Buckle Trading Up 1.8%

Buckle stock opened at $42.62 on Wednesday. The firm has a market capitalization of $2.20 billion, a P/E ratio of 9.77 and a beta of 1.08. Buckle, Inc. has a 1 year low of $40.93 and a 1 year high of $61.69. The business has a 50-day moving average of $46.98 and a 200-day moving average of $50.58.

Buckle (NYSE:BKE) last posted 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 company’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 earnings per share.

Buckle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 29th. Investors of record on Wednesday, July 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.40 annualized dividend and a yield of 3.3%. Buckle’s dividend payout ratio is 32.11%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Buckle

In related news, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $44.44, for a total value of $111,100.00. Following the completion of the sale, the director directly owned 52,908 shares in the company, valued at approximately $2,351,231.52. This trade represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 SEC filing for this sale provides additional information. Insiders sold a total of 48,700 shares of company stock worth $2,635,960 over the last ninety days. 39.80% of the stock is currently owned by corporate insiders.

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.