Y Intercept Hong Kong Ltd Sells 51,631 Shares of Buckle, Inc. (The) $BKE

Y Intercept Hong Kong Ltd reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE) by 50.0% in the 1st quarter, Holdings Channel reports. The firm owned 51,722 shares of the company’s stock after selling 51,631 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Buckle were worth $2,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi raised its holdings in shares of Buckle by 676.9% during the 4th quarter. Amundi now owns 421,200 shares of the company’s stock worth $22,501,000 after buying an additional 366,986 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Buckle by 44.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,043,548 shares of the company’s stock valued at $55,746,000 after buying an additional 323,361 shares in the last quarter. Morgan Stanley boosted its stake in Buckle by 26.8% in the fourth quarter. Morgan Stanley now owns 1,244,389 shares of the company’s stock valued at $66,475,000 after buying an additional 263,338 shares in the last quarter. Two Sigma Investments LP grew its position in Buckle by 3,695.1% in the third quarter. Two Sigma Investments LP now owns 242,510 shares of the company’s stock valued at $14,226,000 after acquiring an additional 236,120 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Buckle by 376.3% in the third quarter. JPMorgan Chase & Co. now owns 288,920 shares of the company’s stock valued at $16,948,000 after acquiring an additional 228,260 shares during the last quarter. 53.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Buckle news, SVP Michelle Hoffman sold 16,200 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $54.80, for a total value of $887,760.00. Following the completion of the sale, the senior vice president directly owned 29,682 shares of the company’s stock, valued at approximately $1,626,573.60. This represents a 35.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kari G. Smith sold 30,000 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were sold at an average price of $54.57, for a total value of $1,637,100.00. Following the sale, the executive vice president directly owned 83,814 shares of the company’s stock, valued at $4,573,729.98. The trade was a 26.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,700 shares of company stock worth $2,635,960 over the last 90 days. 39.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

Buckle Trading Up 1.8%

Shares of BKE opened at $42.62 on Wednesday. The firm’s fifty day simple moving average is $46.98 and its two-hundred day simple moving average is $50.58. Buckle, Inc. has a 12 month low of $40.93 and a 12 month high of $61.69. The stock has a market capitalization of $2.20 billion, a P/E ratio of 9.77 and a beta of 1.08.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, May 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.74 by $0.18. Buckle had a net margin of 16.85% and a return on equity of 47.35%. The company had revenue of $288.74 million during the quarter, compared to the consensus estimate of $287.68 million. During the same quarter last year, the firm posted $0.70 EPS. The company’s quarterly revenue was up 6.1% on a year-over-year basis.

Buckle Dividend Announcement

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

Buckle 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.