Buckle (NYSE:BKE) Hits New 1-Year Low - Should You Sell?

Key Points

• Buckle shares fell to a new 52-week low of $40.35, trading around $40.27 and below both their 50-day ($43.46) and 200-day ($47.54) moving averages.
• Analysts maintain a cautious outlook: Buckle has a consensus “Hold” rating and a $46 price target, with Weiss Ratings downgrading its assessment while UBS reaffirmed “Neutral.”
• Despite the stock weakness, the latest quarter exceeded expectations, with EPS of $0.87 versus $0.81 expected and revenue up 4.6% year over year; institutional investors own approximately 53.93% of the company.

Buckle, Inc. (The) (NYSE:BKE - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $40.35 and last traded at $40.2680, with a volume of 11422 shares changing hands. The stock had previously closed at $40.77.

Analysts Set New Price Targets

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

Buckle Stock Down 1.0%

The company has a market cap of $2.08 billion, a PE ratio of 9.30 and a beta of 1.11. The company's fifty day moving average is $43.46 and its 200-day moving average is $47.54.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC grew its position in shares of Buckle by 172.3% during the fourth quarter. Intech Investment Management LLC now owns 134,849 shares of the company's stock worth $7,204,000 after purchasing an additional 85,330 shares in the last quarter. Stevens Capital Partners purchased a new position in Buckle in the 2nd quarter worth approximately $2,593,000. Chase Investment Counsel Corp purchased a new position in Buckle in the 2nd quarter worth approximately $1,519,000. Principal Financial Group Inc. boosted its stake in Buckle by 31.9% in the 1st quarter. Principal Financial Group Inc. now owns 190,040 shares of the company's stock worth $9,570,000 after purchasing an additional 45,942 shares during the period. Finally, Man Group plc bought a new position in Buckle in the 2nd quarter worth approximately $2,334,000. Institutional investors own 53.93% of the company's stock.

Buckle Company Profile

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.

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