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

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

The stock has a market capitalization of $1.23 billion and a P/E ratio of 9.03. The firm’s 50-day moving average is $26.09 and its 200-day moving average is $28.22.

Buckle (NYSE:BKE) last released its earnings results on Friday, May 20th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by $0.08. The business earned $243.50 million during the quarter. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, analysts anticipate that Buckle Inc. will post $2.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 27th. Shareholders of record on Friday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Wednesday, July 13th.

In other Buckle news, VP Kyle Hanson sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $26.25, for a total transaction of $26,250.00. Following the transaction, the vice president now owns 25,400 shares of the company’s stock, valued at approximately $666,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kelli D. Molczyk sold 4,000 shares of the 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 transaction, the vice president now directly owns 21,163 shares in the company, valued at approximately $565,263.73. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in BKE. First Trust Advisors LP increased its position 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 in the last quarter. Atlantic Trust Group LLC increased its position in 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. Rhumbline Advisers increased its position in 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. Eaton Vance Management purchased a new position in Buckle during the fourth quarter worth approximately $11,168,000. Finally, Wells Fargo & Company MN increased its position in Buckle by 90.3% in the fourth quarter. Wells Fargo & Company MN now owns 470,579 shares of the company’s stock worth $14,484,000 after buying an additional 223,344 shares in the last quarter.

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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