Buckle, Inc. (The) (NYSE:BKE) shares reached a new 52-week low during trading on Thursday . The company traded as low as $15.73 and last traded at $15.70, with a volume of 440,841 shares trading hands. The stock had previously closed at $16.35.

BKE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Buckle, Inc. (The) from a “strong sell” rating to a “hold” rating in a research note on Monday, May 8th. Deutsche Bank AG lowered shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating and set a $16.00 price target on the stock. in a research report on Friday, May 19th. ValuEngine upgraded shares of Buckle, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, May 20th. Finally, BidaskClub lowered shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $18.67.

The stock has a 50-day moving average of $16.95 and a 200-day moving average of $18.28. The firm has a market cap of $758.23 million, a PE ratio of 8.320 and a beta of 0.89.

Buckle, Inc. (The) (NYSE:BKE) last announced its earnings results on Thursday, May 18th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. Buckle, Inc. (The) had a net margin of 9.66% and a return on equity of 20.95%. The company had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.42 million. During the same period in the prior year, the business earned $0.48 earnings per share. Buckle, Inc. (The)’s quarterly revenue was down 12.9% on a year-over-year basis. Equities research analysts forecast that Buckle, Inc. will post $1.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Friday, July 14th were issued a $0.25 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.00 annualized dividend and a yield of 6.12%. Buckle, Inc. (The)’s dividend payout ratio is currently 53.19%.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Buckle, Inc. (The) by 15.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,466 shares of the company’s stock valued at $102,000 after buying an additional 737 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Buckle, Inc. (The) by 4.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,650 shares of the company’s stock valued at $118,000 after buying an additional 290 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Buckle, Inc. (The) by 8.2% in the first quarter. Mason Street Advisors LLC now owns 6,594 shares of the company’s stock valued at $123,000 after buying an additional 497 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Buckle, Inc. (The) by 17.8% in the first quarter. Public Employees Retirement System of Ohio now owns 6,988 shares of the company’s stock valued at $130,000 after buying an additional 1,056 shares in the last quarter. Finally, Pacad Investment Ltd. raised its position in shares of Buckle, Inc. (The) by 750.0% in the second quarter. Pacad Investment Ltd. now owns 8,500 shares of the company’s stock valued at $151,000 after buying an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 66.46% of the company’s stock.

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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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