DGS Capital Management LLC Sells 1,663 Shares of The Buckle, Inc. (NYSE:BKE)

DGS Capital Management LLC decreased its stake in The Buckle, Inc. (NYSE:BKE) by 22.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,877 shares of the company’s stock after selling 1,663 shares during the period. DGS Capital Management LLC’s holdings in Buckle were worth $279,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BKE. Covestor Ltd boosted its stake in shares of Buckle by 2,840.6% in the 1st quarter. Covestor Ltd now owns 941 shares of the company’s stock valued at $31,000 after purchasing an additional 909 shares in the last quarter. Gladius Capital Management LP boosted its stake in shares of Buckle by 408.3% in the 3rd quarter. Gladius Capital Management LP now owns 981 shares of the company’s stock valued at $33,000 after purchasing an additional 788 shares in the last quarter. Planned Solutions Inc. purchased a new stake in shares of Buckle in the 4th quarter valued at $44,000. Captrust Financial Advisors boosted its stake in shares of Buckle by 58.3% in the 1st quarter. Captrust Financial Advisors now owns 1,556 shares of the company’s stock valued at $51,000 after purchasing an additional 573 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Buckle by 733.1% in the 1st quarter. Quarry LP now owns 1,483 shares of the company’s stock valued at $53,000 after purchasing an additional 1,305 shares in the last quarter. Institutional investors own 53.93% of the company’s stock.

Buckle Stock Down 1.1 %

Shares of BKE opened at $36.11 on Wednesday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 8.19 and a beta of 1.23. The firm has a fifty day simple moving average of $39.00 and a two-hundred day simple moving average of $38.68. The Buckle, Inc. has a twelve month low of $30.18 and a twelve month high of $48.15.

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

Buckle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be given a $0.35 dividend. The ex-dividend date is Thursday, April 11th. This represents a $1.40 annualized dividend and a dividend yield of 3.88%. Buckle’s dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group cut shares of Buckle from a “neutral” rating to a “sell” rating and cut their price objective for the company from $37.00 to $34.00 in a research note on Friday, January 5th. StockNews.com raised shares of Buckle from a “hold” rating to a “buy” rating in a research note on Monday.

Buckle Company 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.