Buckle Inc. (NYSE:BKE) shares dropped 3.1% on Tuesday . The stock traded as low as $25.53 and last traded at $25.54, with a volume of 98,432 shares traded. The stock had previously closed at $26.36.

A number of research analysts have commented on BKE shares. Wolfe Research lowered Buckle from a “peer perform” rating to an “underperform” rating and set a $23.00 price target for the company. in a research note on Friday, May 6th. Zacks Investment Research raised Buckle from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Deutsche Bank AG reissued a “sell” rating and set a $22.00 price objective on shares of Buckle in a research report on Tuesday, July 5th. Finally, KeyCorp reissued an “equal weight” rating on shares of Buckle in a research report on Sunday, June 26th. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $31.80.

The firm has a market cap of $1.22 billion and a P/E ratio of 8.92. The company has a 50-day moving average price of $26.11 and a 200-day moving average price of $28.24.

Buckle (NYSE:BKE) last announced its quarterly earnings results on Friday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. The business earned $243.50 million during the quarter. Buckle’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. Equities analysts anticipate that Buckle Inc. will post $2.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 27th. Investors of record on Friday, July 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.95%. The ex-dividend date was Wednesday, July 13th.

In related news, VP Kelli D. Molczyk sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $26.71, for a total value of $106,840.00. Following the sale, the vice president now owns 21,163 shares in the company, valued at approximately $565,263.73. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kyle Hanson sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total value of $26,250.00. Following the completion of the sale, the vice president now owns 25,400 shares in the company, valued at approximately $666,750. The disclosure for this sale can be found here.

A number of large investors recently bought and sold shares of BKE. First Trust Advisors LP raised its stake in Buckle by 47.3% in the fourth quarter. First Trust Advisors LP now owns 40,712 shares of the company’s stock worth $1,253,000 after buying an additional 13,064 shares during the last quarter. Atlantic Trust Group LLC raised its position in shares of Buckle by 20.8% in the fourth quarter. Atlantic Trust Group LLC now owns 43,037 shares of the company’s stock worth $1,325,000 after buying an additional 7,420 shares in the last quarter. Boston Partners acquired a new position in shares of Buckle during the fourth quarter worth $1,545,000. Rhumbline Advisers raised its position in shares of Buckle by 4.2% in the fourth quarter. Rhumbline Advisers now owns 57,814 shares of the company’s stock worth $1,780,000 after buying an additional 2,330 shares in the last quarter. Finally, Eaton Vance Management acquired a new position in shares of Buckle during the fourth quarter worth $11,168,000.

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Company provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.

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