Buckle, Inc. (The) $BKE Stock Holdings Lessened by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in Buckle, Inc. (The) (NYSE:BKE) by 50.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,618 shares of the company’s stock after selling 14,100 shares during the quarter. SG Americas Securities LLC’s holdings in Buckle were worth $686,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Buckle by 9.5% in the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock worth $3,618,000 after acquiring an additional 8,202 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Buckle by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after purchasing an additional 797 shares during the period. Millennium Management LLC lifted its stake in shares of Buckle by 15.3% in the first quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock worth $3,815,000 after buying an additional 13,189 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Buckle by 323.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 27,366 shares of the company’s stock valued at $1,241,000 after buying an additional 20,905 shares during the last quarter. Institutional investors and hedge funds own 53.93% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Buckle

In other news, SVP Michelle Hoffman sold 16,200 shares of the company’s 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 completion of 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Bill L. Fairfield sold 2,500 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $44.44, for a total transaction of $111,100.00. Following the transaction, the director directly owned 52,908 shares of the company’s stock, valued at $2,351,231.52. The trade was a 4.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,700 shares of company stock valued at $2,635,960 in the last 90 days. 39.80% of the stock is owned by corporate insiders.

Buckle Trading Up 1.4%

Shares of NYSE:BKE traded up $0.60 during trading on Tuesday, hitting $42.46. 7,385 shares of the company’s stock traded hands, compared to its average volume of 481,434. The company has a 50-day moving average price of $47.25 and a 200-day moving average price of $50.68. Buckle, Inc. has a 52 week low of $40.93 and a 52 week high of $61.69. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 9.74 and a beta of 1.08.

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

Buckle Dividend Announcement

The company also recently declared 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. 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 is presently 32.11%.

About Buckle

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.