SG Americas Securities LLC Buys 466 Shares of The Buckle, Inc. (NYSE:BKE)

SG Americas Securities LLC grew its stake in The Buckle, Inc. (NYSE:BKE) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,993 shares of the company’s stock after acquiring an additional 466 shares during the quarter. SG Americas Securities LLC’s holdings in Buckle were worth $395,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Buckle in the first quarter worth $70,000. CWM LLC boosted its holdings in Buckle by 119.9% in the second quarter. CWM LLC now owns 2,010 shares of the company’s stock worth $74,000 after acquiring an additional 1,096 shares in the last quarter. Gladius Capital Management LP boosted its holdings in Buckle by 217.4% in the second quarter. Gladius Capital Management LP now owns 2,955 shares of the company’s stock worth $109,000 after acquiring an additional 2,024 shares in the last quarter. nVerses Capital LLC boosted its holdings in Buckle by 2,350.0% in the second quarter. nVerses Capital LLC now owns 4,900 shares of the company’s stock worth $181,000 after acquiring an additional 4,700 shares in the last quarter. Finally, JLB & Associates Inc. bought a new stake in Buckle in the third quarter worth $220,000. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

BKE stock opened at $44.14 on Friday. The Buckle, Inc. has a 1-year low of $32.16 and a 1-year high of $48.15. The business has a fifty day moving average price of $42.56 and a 200-day moving average price of $39.52. The stock has a market capitalization of $2.24 billion, a P/E ratio of 10.41 and a beta of 1.13.

Buckle (NYSE:BKE) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.78 earnings per share for the quarter. Buckle had a return on equity of 46.17% and a net margin of 16.69%. The firm had revenue of $282.39 million during the quarter.

Buckle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, October 11th. Buckle’s dividend payout ratio (DPR) is presently 33.02%.

Analyst Ratings Changes

Several equities research analysts have commented on BKE shares. StockNews.com downgraded Buckle from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. UBS Group decreased their price target on Buckle from $32.00 to $31.00 and set a “sell” rating for the company in a research note on Monday, August 26th.

Insider Activity at Buckle

In related news, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total transaction of $1,046,825.04. Following the completion of the sale, the chief executive officer now owns 1,924,811 shares in the company, valued at approximately $81,688,978.84. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $44.35, for a total value of $907,090.55. Following the completion of the sale, the chief executive officer now owns 1,883,905 shares in the company, valued at $83,551,186.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Dennis H. Nelson sold 24,666 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $42.44, for a total value of $1,046,825.04. Following the completion of the sale, the chief executive officer now owns 1,924,811 shares of the company’s stock, valued at approximately $81,688,978.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,752 shares of company stock worth $5,786,422. 39.80% of the stock is owned by insiders.

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.