Buckle (NYSE:BKE) Sets New 52-Week Low – What’s Next?

Shares of The Buckle, Inc. (NYSE:BKE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $34.67 and last traded at $35.02, with a volume of 277114 shares changing hands. The stock had previously closed at $36.13.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Buckle Stock Performance

The company has a market cap of $1.83 billion, a price-to-earnings ratio of 9.15 and a beta of 1.17. The business’s 50 day moving average price is $44.22 and its 200-day moving average price is $45.57.

Buckle (NYSE:BKE) last announced its quarterly earnings data on Friday, March 14th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.09. Buckle had a net margin of 16.21% and a return on equity of 44.11%. The company had revenue of $379.20 million during the quarter, compared to analysts’ expectations of $378.97 million. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue was down .8% on a year-over-year basis.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of Buckle stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $51.37, for a total value of $1,050,670.61. Following the transaction, the chief executive officer now owns 1,760,187 shares of the company’s stock, valued at approximately $90,420,806.19. The trade was a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 97,382 shares of company stock worth $4,446,403 in the last quarter. 39.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in shares of Buckle by 9.0% in the fourth quarter. First Trust Advisors LP now owns 1,663,407 shares of the company’s stock valued at $84,518,000 after purchasing an additional 137,972 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Buckle by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company’s stock valued at $68,957,000 after purchasing an additional 10,178 shares during the last quarter. State Street Corp raised its holdings in shares of Buckle by 5.7% in the third quarter. State Street Corp now owns 1,338,395 shares of the company’s stock valued at $58,849,000 after purchasing an additional 72,532 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Buckle by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company’s stock valued at $65,352,000 after purchasing an additional 69,258 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Buckle by 12.0% in the fourth quarter. American Century Companies Inc. now owns 937,525 shares of the company’s stock valued at $47,636,000 after purchasing an additional 100,173 shares during the last quarter. Institutional investors own 53.93% of the company’s stock.

About Buckle

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, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.