Segall Bryant & Hamill LLC Makes New $1.57 Million Investment in Buckle, Inc. (The) (NYSE:BKE)

Segall Bryant & Hamill LLC purchased a new stake in Buckle, Inc. (The) (NYSE:BKE - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 40,938 shares of the company's stock, valued at approximately $1,569,000. Segall Bryant & Hamill LLC owned approximately 0.08% of Buckle as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caption Management LLC acquired a new position in Buckle in the fourth quarter valued at approximately $36,000. Bellwether Advisors LLC purchased a new stake in Buckle in the fourth quarter valued at approximately $43,000. PNC Financial Services Group Inc. lifted its stake in Buckle by 15.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,756 shares of the company's stock valued at $89,000 after buying an additional 240 shares during the last quarter. State of Wyoming purchased a new stake in Buckle in the fourth quarter valued at approximately $111,000. Finally, Viking Fund Management LLC purchased a new stake in Buckle in the first quarter valued at approximately $115,000. 53.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the company'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 sale, the chief executive officer owned 1,655,204 shares in the company, valued at $72,034,478.08. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 97,151 shares of company stock worth $3,955,563 in the last three months. 39.00% of the stock is owned by corporate insiders.

Buckle Stock Performance

NYSE BKE traded down $0.08 on Friday, reaching $48.02. The stock had a trading volume of 411,447 shares, compared to its average volume of 482,428. Buckle, Inc. has a 12-month low of $33.12 and a 12-month high of $54.25. The business's 50-day moving average price is $44.16 and its 200 day moving average price is $41.98. The stock has a market cap of $2.46 billion, a P/E ratio of 12.34 and a beta of 1.03.

Buckle (NYSE:BKE - Get Free Report) last released its quarterly earnings results 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 business had revenue of $272.12 million during the quarter, compared to analysts' expectations of $264.28 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company's quarterly revenue was up 3.7% compared to the same quarter last year.

Buckle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Tuesday, July 15th. Buckle's dividend payout ratio (DPR) is presently 35.99%.

Analysts Set New Price Targets

BKE has been the subject of a number of research reports. UBS Group reiterated a "neutral" rating on shares of Buckle in a research note 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.

Buckle Company 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.