Buckle, Inc. (The)’s (NYSE:BKE) same-store sales dropped 7.9% during the month of August. Buckle, Inc. (The)’s shares fell by 4.4% in the first full-day of trading following the report.

Several research analysts have recently commented on the company. ValuEngine upgraded Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG lowered their price target on Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, August 18th. BidaskClub lowered Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 5th.

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Buckle, Inc. (NYSE BKE) opened at 14.35 on Monday. Buckle, Inc. has a 52-week low of $13.50 and a 52-week high of $27.10. The stock has a market capitalization of $691.91 million, a price-to-earnings ratio of 7.98 and a beta of 0.87. The stock’s 50 day moving average price is $15.47 and its 200 day moving average price is $17.34.

Buckle, Inc. (The) (NYSE:BKE) last announced its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The company had revenue of $195.65 million during the quarter, compared to analysts’ expectations of $195.97 million. During the same period in the previous year, the company earned $0.32 EPS. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts forecast that Buckle, Inc. will post $1.62 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Buckle, Inc. (The) by 15.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock worth $102,000 after purchasing an additional 737 shares during the period. Mason Street Advisors LLC boosted its position in Buckle, Inc. (The) by 8.2% during the 1st quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock worth $123,000 after purchasing an additional 497 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in Buckle, Inc. (The) by 4.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock worth $118,000 after purchasing an additional 290 shares during the period. Public Employees Retirement System of Ohio boosted its position in Buckle, Inc. (The) by 17.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock worth $130,000 after purchasing an additional 1,056 shares during the period. Finally, Pacad Investment Ltd. boosted its position in Buckle, Inc. (The) by 750.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock worth $151,000 after purchasing an additional 7,500 shares during the period. 59.51% of the stock is owned by hedge funds and other institutional investors.

About Buckle, Inc. (The)

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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