SG Americas Securities LLC Decreases Holdings in Buckle Inc (BKE)

SG Americas Securities LLC lessened its holdings in Buckle Inc (NYSE:BKE) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,216 shares of the company’s stock after selling 6,139 shares during the quarter. SG Americas Securities LLC owned approximately 0.05% of Buckle worth $425,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BKE. Arizona State Retirement System boosted its holdings in shares of Buckle by 0.7% during the second quarter. Arizona State Retirement System now owns 14,779 shares of the company’s stock valued at $263,000 after acquiring an additional 100 shares during the period. HighTower Advisors LLC raised its stake in shares of Buckle by 0.3% during the second quarter. HighTower Advisors LLC now owns 67,280 shares of the company’s stock valued at $1,197,000 after purchasing an additional 210 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of Buckle by 1.3% during the second quarter. Texas Permanent School Fund now owns 20,686 shares of the company’s stock valued at $368,000 after purchasing an additional 268 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Buckle by 4.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after purchasing an additional 290 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Buckle by 6.0% during the second quarter. Thrivent Financial For Lutherans now owns 17,120 shares of the company’s stock valued at $305,000 after purchasing an additional 970 shares in the last quarter. 59.76% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on BKE shares. ValuEngine upgraded shares of Buckle from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank cut their price objective on shares of Buckle from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Friday, August 18th. Finally, Zacks Investment Research upgraded shares of Buckle from a “sell” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, November 1st.

In related news, SVP Brett P. Milkie sold 1,500 shares of Buckle stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $21.02, for a total value of $31,530.00. Following the transaction, the senior vice president now owns 32,070 shares of the company’s stock, valued at approximately $674,111.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kyle Hanson sold 4,100 shares of Buckle stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $15.95, for a total value of $65,395.00. Following the completion of the transaction, the vice president now directly owns 24,900 shares in the company, valued at approximately $397,155. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,600 shares of company stock worth $138,925. 41.70% of the stock is owned by company insiders.

Shares of Buckle Inc (BKE) opened at $22.40 on Thursday. Buckle Inc has a 1 year low of $13.50 and a 1 year high of $24.85. The company has a market cap of $1,079.39, a PE ratio of 12.77 and a beta of 1.10.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, November 17th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Buckle had a net margin of 9.17% and a return on equity of 19.13%. The firm had revenue of $224.30 million for the quarter, compared to analysts’ expectations of $224.12 million. During the same period in the previous year, the business earned $0.49 earnings per share. Buckle’s revenue for the quarter was down 6.2% compared to the same quarter last year. sell-side analysts expect that Buckle Inc will post 1.7 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 12th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, January 11th. Buckle’s dividend payout ratio (DPR) is presently 57.80%.

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Buckle Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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Institutional Ownership by Quarter for Buckle (NYSE:BKE)

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