SG Americas Securities LLC Has $500,000 Stock Position in Buckle, Inc. (The) (NYSE:BKE)

SG Americas Securities LLC lowered its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 38.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,035 shares of the company's stock after selling 8,292 shares during the quarter. SG Americas Securities LLC's holdings in Buckle were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in Buckle by 74.1% during the fourth quarter. Blue Trust Inc. now owns 1,374 shares of the company's stock worth $70,000 after buying an additional 585 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Buckle by 3.9% in the 4th quarter. Principal Financial Group Inc. now owns 161,636 shares of the company's stock worth $8,213,000 after acquiring an additional 6,000 shares in the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Buckle by 25.3% in the 4th quarter. Handelsbanken Fonder AB now owns 10,900 shares of the company's stock worth $554,000 after acquiring an additional 2,200 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Buckle during the 4th quarter worth approximately $524,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Buckle during the 4th quarter valued at $378,000. 53.93% of the stock is owned by institutional investors.

Buckle Stock Performance

Shares of NYSE BKE traded up $0.72 during trading on Thursday, reaching $45.05. The company had a trading volume of 391,217 shares, compared to its average volume of 477,403. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $54.25. The business's 50 day moving average price is $40.34 and its 200-day moving average price is $42.50. The stock has a market cap of $2.30 billion, a PE ratio of 11.58 and a beta of 1.03.

Buckle (NYSE:BKE - Get Free Report) last issued its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $264.28 million. During the same quarter last year, the business posted $0.70 earnings per share. Buckle's revenue for the quarter was up 3.7% compared to the same quarter last year.

Buckle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 15th will be paid a $0.35 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $1.40 annualized dividend and a dividend yield of 3.11%. Buckle's dividend payout ratio (DPR) is currently 35.99%.

Wall Street Analyst Weigh In

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

Insider Transactions at Buckle

In other news, CEO Dennis H. Nelson sold 20,453 shares of the firm's stock in a transaction dated 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 owns 1,655,204 shares of the company's stock, valued at approximately $72,034,478.08. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 99,471 shares of company stock worth $4,039,802 over the last 90 days. 39.00% of the stock is owned by 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.