SG Americas Securities LLC Purchases 9,442 Shares of Buckle, Inc. (The) $BKE

SG Americas Securities LLC raised its holdings in shares of Buckle, Inc. (The) (NYSE:BKE) by 267.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,972 shares of the company’s stock after purchasing an additional 9,442 shares during the period. SG Americas Securities LLC’s holdings in Buckle were worth $761,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BKE. AQR Capital Management LLC lifted its position in Buckle by 9.5% during the first quarter. AQR Capital Management LLC now owns 94,408 shares of the company’s stock valued at $3,618,000 after purchasing an additional 8,202 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Buckle by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,363 shares of the company’s stock valued at $704,000 after buying an additional 797 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Buckle by 15.3% in the 1st quarter. Millennium Management LLC now owns 99,547 shares of the company’s stock worth $3,815,000 after buying an additional 13,189 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Buckle by 1,928.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock worth $25,000 after buying an additional 617 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Buckle in the second quarter worth $215,000. Hedge funds and other institutional investors own 53.93% of the company’s stock.

Analyst Upgrades and Downgrades

BKE has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Buckle in a research note on Wednesday, October 8th. Wall Street Zen cut Buckle from a “buy” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Buckle in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.00.

Buckle Stock Up 2.6%

NYSE:BKE opened at $54.07 on Wednesday. The business’s 50-day simple moving average is $55.44 and its two-hundred day simple moving average is $55.05. The stock has a market cap of $2.77 billion, a PE ratio of 13.25 and a beta of 1.12. Buckle, Inc. has a 52 week low of $33.12 and a 52 week high of $61.69.

Buckle (NYSE:BKE) last released its quarterly earnings data on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The firm had revenue of $320.84 million during the quarter, compared to analyst estimates of $317.97 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.

Buckle Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be given a dividend of $3.00 per share. The ex-dividend date is Thursday, January 15th. Buckle’s dividend payout ratio (DPR) is presently 34.31%.

About Buckle

Buckle, Inc is a retailer specializing in casual apparel, footwear and accessories for young men and women. The company is known for its denim-focused collections, offering both private-label lines and curated brand-name merchandise. Its product assortment includes jeans, tops, outerwear, shoes and a variety of accessories such as belts, jewelry and handbags, all aimed at blending contemporary style with everyday comfort.

Founded in 1948 in Kearney, Nebraska, Buckle began as a single clothing store and has since expanded into a nationwide chain.