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

by · The Markets Daily

SG Americas Securities LLC boosted its stake in Buckle, Inc. (The) (NYSE:BKE – Free Report) by 267.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in shares of Buckle by 1,928.1% in the first quarter. Geneos Wealth Management Inc. now owns 649 shares of the company’s stock valued at $25,000 after buying an additional 617 shares during the period. Allworth Financial LP boosted its holdings in Buckle by 1,652.3% in the second quarter. Allworth Financial LP now owns 771 shares of the company’s stock valued at $35,000 after acquiring an additional 727 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Buckle by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 957 shares of the company’s stock valued at $43,000 after purchasing an additional 592 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Buckle by 64.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 999 shares of the company’s stock worth $45,000 after acquiring an additional 393 shares during the period. Finally, IFP Advisors Inc grew its stake in Buckle by 12.5% during the second quarter. IFP Advisors Inc now owns 2,431 shares of the company’s stock worth $110,000 after purchasing an additional 270 shares during the period. 53.93% of the stock is owned by institutional investors and hedge funds.

Buckle Stock Performance

Shares of NYSE BKE opened at $54.07 on Wednesday. The stock has a fifty day moving average of $55.44 and a 200-day moving average of $55.05. Buckle, Inc. has a fifty-two week low of $33.12 and a fifty-two week high of $61.69. The stock has a market cap of $2.77 billion, a PE ratio of 13.25 and a beta of 1.12.

Buckle (NYSE:BKE – Get Free Report) last released its quarterly earnings results on Friday, November 21st. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.02. The firm had revenue of $320.84 million for the quarter, compared to analysts’ expectations of $317.97 million. Buckle had a return on equity of 44.42% and a net margin of 16.13%.The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS.

Buckle Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 15th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, January 15th. Buckle’s payout ratio is 34.31%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BKE shares. UBS Group reissued a “neutral” rating on shares of Buckle in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Buckle in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Buckle from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Buckle presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Check Out Our Latest Stock Analysis on BKE

Buckle Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Buckle, Inc. (The) (NYSE:BKE – Free Report).