GAMMA Investing LLC Increases Position in Buckle, Inc. (The) (NYSE:BKE)

GAMMA Investing LLC lifted its position in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 13,565.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,585 shares of the company's stock after buying an additional 18,449 shares during the period. GAMMA Investing LLC's holdings in Buckle were worth $712,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Novem Group bought a new position in Buckle during the fourth quarter valued at approximately $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Buckle by 24.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 65,021 shares of the company's stock valued at $3,304,000 after purchasing an additional 12,722 shares during the period. Squarepoint Ops LLC lifted its position in Buckle by 138.8% during the fourth quarter. Squarepoint Ops LLC now owns 124,986 shares of the company's stock valued at $6,351,000 after purchasing an additional 72,652 shares during the period. Tidal Investments LLC bought a new position in Buckle during the fourth quarter valued at approximately $1,512,000. Finally, State of Wyoming bought a new position in Buckle during the fourth quarter valued at approximately $111,000. Institutional investors own 53.93% of the company's stock.

Buckle Price Performance

Buckle stock traded up $0.36 during midday trading on Friday, reaching $45.22. 1,048,357 shares of the company traded hands, compared to its average volume of 475,417. Buckle, Inc. has a 12 month low of $33.12 and a 12 month high of $54.25. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 11.62 and a beta of 1.03. The business has a 50 day moving average of $39.54 and a two-hundred day moving average of $42.66.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Buckle had a net margin of 15.95% and a return on equity of 43.13%. The business had revenue of $272.12 million for the quarter, compared to the consensus estimate of $264.28 million. During the same period last year, the firm earned $0.70 earnings per share. The company's quarterly revenue was up 3.7% on a year-over-year basis.

Buckle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $1.40 annualized dividend and a yield of 3.10%. Buckle's payout ratio is presently 35.99%.

Insiders Place Their Bets

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.52, for a total value of $890,114.56. Following the transaction, the chief executive officer now directly owns 1,655,204 shares in the company, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 99,471 shares of company stock worth $4,039,802. Company insiders own 39.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BKE shares. Wall Street Zen upgraded shares of Buckle from a "hold" rating to a "buy" rating in a research report on Friday, May 23rd. UBS Group restated a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.