Buckle, Inc. (The) (NYSE:BKE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Buckle, Inc. (The) (NYSE:BKE - Free Report) by 38.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,035 shares of the company's stock after selling 8,292 shares during the period. SG Americas Securities LLC's holdings in Buckle were worth $500,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after acquiring an additional 69,258 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Buckle during the fourth quarter worth about $31,000. Price T Rowe Associates Inc. MD grew its position in Buckle by 21.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,253 shares of the company's stock worth $623,000 after buying an additional 2,127 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Buckle by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,566 shares of the company's stock worth $893,000 after buying an additional 571 shares during the period. Finally, GAMMA Investing LLC grew its position in Buckle by 13,565.4% during the first quarter. GAMMA Investing LLC now owns 18,585 shares of the company's stock worth $712,000 after buying an additional 18,449 shares during the period. 53.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Buckle

In related news, CEO Dennis H. Nelson sold 20,453 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.52, for a total value of $890,114.56. Following the completion of the transaction, the chief executive officer now directly owns 1,655,204 shares of the company's stock, valued at $72,034,478.08. This represents a 1.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders have sold 99,471 shares of company stock worth $4,039,802. 39.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BKE. UBS Group reaffirmed a "neutral" rating on shares of Buckle in a report on Wednesday, May 14th. Wall Street Zen raised shares of Buckle from a "hold" rating to a "buy" rating in a research note on Friday, May 23rd.

Buckle Trading Down 0.3%

BKE stock traded down $0.12 during mid-day trading on Tuesday, hitting $44.28. 622,170 shares of the company were exchanged, compared to its average volume of 476,082. The company has a market capitalization of $2.27 billion, a PE ratio of 11.38 and a beta of 1.03. Buckle, Inc. has a twelve month low of $33.12 and a twelve month high of $54.25. The firm has a fifty day simple moving average of $39.92 and a 200 day simple moving average of $42.54.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings results on Friday, May 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 company 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 posted $0.70 EPS. The company's revenue for the quarter 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.16%. Buckle's payout ratio is currently 35.99%.

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.