Buckle (NYSE:BKE) Hits New 1-Year Low – Time to Sell?

Buckle, Inc. (The) (NYSE:BKE) shares reached a new 52-week low on Thursday . The stock traded as low as $40.35 and last traded at $40.2680, with a volume of 11422 shares traded. The stock had previously closed at $40.77.

Analyst Upgrades and Downgrades

BKE has been the topic of several analyst reports. UBS Group reiterated a “neutral” rating on shares of Buckle in a research note on Monday, August 24th. Weiss Ratings lowered Buckle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Buckle has an average rating of “Hold” and a consensus target price of $46.00.

Buckle Trading Up 1.2%

The company has a market cap of $2.10 billion, a PE ratio of 9.39 and a beta of 1.11. The business’s 50 day moving average is $43.39 and its two-hundred day moving average is $47.40.

Buckle (NYSE:BKE) last issued its quarterly earnings results on Friday, August 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The business had revenue of $319.82 million during the quarter, compared to analyst estimates of $319.80 million. During the same quarter in the prior year, the business posted $0.89 EPS. Buckle’s revenue for the quarter was up 4.6% compared to the same quarter last year.

Institutional Trading of Buckle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new position in shares of Buckle in the second quarter worth $37,000. Squarepoint Ops LLC boosted its position in shares of Buckle by 117.3% during the second quarter. Squarepoint Ops LLC now owns 53,676 shares of the company’s stock worth $2,265,000 after acquiring an additional 28,973 shares during the last quarter. Baird Financial Group Inc. grew its stake in Buckle by 24.2% during the second quarter. Baird Financial Group Inc. now owns 70,313 shares of the company’s stock valued at $2,967,000 after acquiring an additional 13,700 shares in the last quarter. Nykredit A S purchased a new position in Buckle during the second quarter valued at $92,000. Finally, California State Teachers Retirement System increased its holdings in Buckle by 3,460.9% in the 2nd quarter. California State Teachers Retirement System now owns 1,456,322 shares of the company’s stock valued at $61,457,000 after acquiring an additional 1,415,424 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

About Buckle

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.