GSA Capital Partners LLP Buys 26,245 Shares of Buckle, Inc. (The) (NYSE:BKE)

GSA Capital Partners LLP boosted its holdings in Buckle, Inc. (The) (NYSE:BKE - Free Report) by 239.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,212 shares of the company's stock after purchasing an additional 26,245 shares during the quarter. GSA Capital Partners LLP owned about 0.07% of Buckle worth $1,426,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BKE. Burney Co. grew its holdings in Buckle by 6.1% during the first quarter. Burney Co. now owns 29,430 shares of the company's stock worth $1,128,000 after buying an additional 1,681 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Buckle during the 1st quarter valued at $380,000. Optimist Retirement Group LLC raised its stake in shares of Buckle by 6.1% during the 1st quarter. Optimist Retirement Group LLC now owns 10,477 shares of the company's stock valued at $401,000 after purchasing an additional 605 shares during the period. Denali Advisors LLC raised its stake in shares of Buckle by 19.2% during the 1st quarter. Denali Advisors LLC now owns 169,512 shares of the company's stock valued at $6,496,000 after purchasing an additional 27,284 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Buckle in the 1st quarter worth about $1,569,000. 53.93% of the stock is currently owned by institutional investors.

Buckle Stock Down 0.3%

Shares of Buckle stock traded down $0.14 on Friday, reaching $49.23. The company's stock had a trading volume of 395,914 shares, compared to its average volume of 534,470. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.66 and a beta of 1.03. The firm's fifty day simple moving average is $45.77 and its two-hundred day simple moving average is $41.96. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings data on Friday, May 23rd. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.65 by $0.05. Buckle had a return on equity of 43.13% and a net margin of 15.95%. The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $264.28 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. Buckle's revenue was up 3.7% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 29th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 15th. Buckle's payout ratio is currently 35.99%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. UBS Group reiterated a "neutral" rating on shares of Buckle in a research report on Wednesday, May 14th. Wall Street Zen upgraded Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Insider Activity

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total transaction of $890,114.56. Following the completion of the transaction, the chief executive officer owned 1,655,204 shares in the company, valued at $72,034,478.08. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James E. Shada sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $49.84, for a total value of $498,400.00. Following the sale, the director owned 85,352 shares in the company, valued at approximately $4,253,943.68. This trade represents a 10.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 105,046 shares of company stock valued at $4,377,425 in the last three months. 39.00% of the stock is currently owned by corporate insiders.

Buckle Profile

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.