SG Americas Securities LLC Buys 14,746 Shares of Buckle, Inc. (The) $BKE

SG Americas Securities LLC lifted its stake in shares of Buckle, Inc. (The) (NYSE:BKE) by 113.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,718 shares of the company’s stock after buying an additional 14,746 shares during the quarter. SG Americas Securities LLC owned about 0.05% of Buckle worth $1,481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Geneos Wealth Management Inc. boosted its position in Buckle by 1,928.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after acquiring an additional 617 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of Buckle by 81.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 463 shares of the company’s stock worth $27,000 after acquiring an additional 208 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares during the period. Quarry LP purchased a new position in shares of Buckle in the 3rd quarter valued at approximately $65,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Buckle during the third quarter valued at approximately $74,000. 53.93% of the stock is owned by institutional investors.

Buckle Stock Up 1.5%

Buckle stock opened at $50.88 on Tuesday. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $61.69. The company has a market capitalization of $2.62 billion, a P/E ratio of 12.29 and a beta of 1.18. The stock’s 50 day moving average is $51.06 and its 200 day moving average is $54.07.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 13th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.51 by $0.08. Buckle had a net margin of 16.16% and a return on equity of 45.18%. The company had revenue of $399.14 million for the quarter, compared to the consensus estimate of $396.45 million. During the same period in the prior year, the firm posted $1.53 EPS. Buckle’s revenue for the quarter was up 5.2% on a year-over-year basis.

Buckle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Wednesday, April 15th. Buckle’s payout ratio is currently 33.82%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BKE. Wall Street Zen cut Buckle from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings upgraded shares of Buckle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 20th. Finally, UBS Group reduced their target price on shares of Buckle from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Buckle presently has an average rating of “Moderate Buy” and an average target price of $53.00.

Insider Activity

In related news, SVP Michelle Hoffman sold 29,281 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $49.12, for a total transaction of $1,438,282.72. Following the completion of the sale, the senior vice president directly owned 45,882 shares in the company, valued at approximately $2,253,723.84. The trade was a 38.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kari G. Smith sold 48,860 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $50.39, for a total value of $2,462,055.40. Following the sale, the executive vice president directly owned 76,754 shares of the company’s stock, valued at $3,867,634.06. This represents a 38.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 80,000 shares of company stock valued at $3,993,072 in the last ninety days. Insiders own 39.00% of the company’s stock.

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.