SG Americas Securities LLC Sells 6,833 Shares of The Buckle, Inc. (NYSE:BKE)

SG Americas Securities LLC cut its holdings in shares of The Buckle, Inc. (NYSE:BKE) by 74.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,388 shares of the company’s stock after selling 6,833 shares during the quarter. SG Americas Securities LLC’s holdings in Buckle were worth $113,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BKE. JPMorgan Chase & Co. increased its holdings in shares of Buckle by 31.0% during the first quarter. JPMorgan Chase & Co. now owns 89,952 shares of the company’s stock worth $2,973,000 after purchasing an additional 21,310 shares during the period. Raymond James & Associates increased its holdings in shares of Buckle by 51.9% during the first quarter. Raymond James & Associates now owns 22,245 shares of the company’s stock worth $735,000 after purchasing an additional 7,600 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Buckle by 2.9% during the first quarter. Bank of New York Mellon Corp now owns 628,276 shares of the company’s stock worth $20,758,000 after purchasing an additional 17,592 shares during the period. Citigroup Inc. increased its holdings in shares of Buckle by 1.4% during the first quarter. Citigroup Inc. now owns 29,258 shares of the company’s stock worth $966,000 after purchasing an additional 402 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Buckle by 7.3% during the first quarter. Bank of Montreal Can now owns 10,859 shares of the company’s stock worth $381,000 after purchasing an additional 740 shares during the period. 53.93% of the stock is owned by institutional investors.

Buckle Price Performance

Shares of NYSE:BKE opened at $36.68 on Friday. The company’s 50 day simple moving average is $38.93 and its 200 day simple moving average is $38.66. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.32 and a beta of 1.23. The Buckle, Inc. has a 1 year low of $30.18 and a 1 year high of $48.15.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 15th. The company reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.15. The business had revenue of $382.40 million for the quarter, compared to analysts’ expectations of $383.63 million. Buckle had a net margin of 17.44% and a return on equity of 50.88%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share.

Buckle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.40 dividend on an annualized basis and a yield of 3.82%. Buckle’s dividend payout ratio is currently 31.75%.

Analysts Set New Price Targets

Several research analysts have recently commented on BKE shares. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a report on Monday. UBS Group cut shares of Buckle from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $37.00 to $34.00 in a research note on Friday, January 5th.

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