Buckle (NYSE:BKE) Sets New 1-Year Low – What’s Next?

The Buckle, Inc. (NYSE:BKE) hit a new 52-week low on Thursday . The stock 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 lowered shares of Buckle from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th.

Buckle Price Performance

The firm’s 50-day simple moving average is $44.86 and its 200 day simple moving average is $45.68. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.91 and a beta of 1.17.

Insider Buying and Selling

In other Buckle news, CEO Dennis H. Nelson sold 20,453 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $51.57, for a total transaction of $1,054,761.21. Following the sale, the chief executive officer now owns 1,739,734 shares of the company’s stock, valued at approximately $89,718,082.38. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 97,382 shares of company stock worth $4,446,403 in the last three months. 39.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Buckle

Several hedge funds have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Buckle during the third quarter worth about $691,000. WealthPlan Investment Management LLC bought a new stake in Buckle during the 3rd quarter worth approximately $473,000. Quest Partners LLC acquired a new position in Buckle in the 3rd quarter valued at approximately $86,000. Banque Cantonale Vaudoise raised its stake in shares of Buckle by 158.4% during the third quarter. Banque Cantonale Vaudoise now owns 6,054 shares of the company’s stock valued at $266,000 after acquiring an additional 3,711 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Buckle by 28.3% during the third quarter. Jennison Associates LLC now owns 32,626 shares of the company’s stock valued at $1,435,000 after acquiring an additional 7,205 shares during the last quarter. Institutional investors and hedge funds 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.