The Buckle, Inc. (NYSE:BKE) Holdings Raised by SG Americas Securities LLC

Posted by MarketBeat News on Aug 4th, 2022

SG Americas Securities LLC lifted its stake in shares of The Buckle, Inc. (NYSE:BKE – Get Rating) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,982 shares of the company’s stock after purchasing an additional 852 shares during the quarter. SG Americas Securities LLC’s holdings in Buckle were worth $594,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Buckle during the first quarter valued at about $71,000. UMB Bank N A MO bought a new stake in shares of Buckle during the fourth quarter valued at about $104,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Buckle during the first quarter valued at about $144,000. Commonwealth Equity Services LLC bought a new stake in shares of Buckle during the fourth quarter valued at about $202,000. Finally, 6 Meridian bought a new stake in shares of Buckle during the fourth quarter valued at about $204,000. 57.48% of the stock is currently owned by institutional investors.

Buckle Trading Up 3.0 %

Shares of Buckle stock opened at $30.56 on Thursday. The company’s 50-day moving average price is $29.84 and its two-hundred day moving average price is $32.96. The Buckle, Inc. has a 52 week low of $26.50 and a 52 week high of $57.10. The stock has a market cap of $1.53 billion, a PE ratio of 5.98 and a beta of 1.08.

Buckle (NYSE:BKE – Get Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.10 by $0.02. The firm had revenue of $309.10 million for the quarter, compared to analysts’ expectations of $306.71 million. Buckle had a net margin of 19.38% and a return on equity of 60.56%. Buckle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 earnings per share. On average, equities analysts predict that The Buckle, Inc. will post 5.27 EPS for the current fiscal year.

Buckle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, July 14th. This represents a $1.40 annualized dividend and a yield of 4.58%. Buckle’s payout ratio is presently 27.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research report on Saturday, July 16th.

About Buckle

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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, Reclaim, BKE Vintage, Nova Industries, J.B.