Buckle (NYSE:BKE) Reaches New 52-Week Low - Here's What Happened

The Buckle, Inc. (NYSE:BKE - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $34.67 and last traded at $35.02, with a volume of 277114 shares traded. The stock had previously closed at $36.13.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Buckle from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

Buckle Trading Up 0.6 %

The firm has a market capitalization of $1.85 billion, a P/E ratio of 9.22 and a beta of 1.17. The business has a 50-day moving average of $44.22 and a 200 day moving average of $45.61.

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

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Insider Transactions at Buckle

In other Buckle news, CEO Dennis H. Nelson sold 15,340 shares of Buckle stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $39.51, for a total value of $606,083.40. Following the completion of the sale, the chief executive officer now owns 1,663,035 shares of the company's stock, valued at approximately $65,706,512.85. The trade was a 0.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 97,382 shares of company stock worth $4,446,403. Company insiders own 39.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First Trust Advisors LP lifted its stake in shares of Buckle by 9.0% during the 4th quarter. First Trust Advisors LP now owns 1,663,407 shares of the company's stock valued at $84,518,000 after buying an additional 137,972 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Buckle by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,357,095 shares of the company's stock valued at $68,957,000 after buying an additional 10,178 shares in the last quarter. State Street Corp lifted its stake in shares of Buckle by 5.7% during the 3rd quarter. State Street Corp now owns 1,338,395 shares of the company's stock valued at $58,849,000 after buying an additional 72,532 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Buckle by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,286,212 shares of the company's stock valued at $65,352,000 after buying an additional 69,258 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Buckle by 12.0% during the 4th quarter. American Century Companies Inc. now owns 937,525 shares of the company's stock valued at $47,636,000 after buying an additional 100,173 shares in the last quarter. Hedge funds and other institutional investors own 53.93% of the company's stock.

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