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NEW YORK (TheStreet) -- Shares of Buckle (BKE) - Get Buckle, Inc. Report  were dropping 10.4% to $21.19 on heavy trading volume mid Thursday afternoon after the teen clothing retailer reported that September comparable-store sales fell 15.5% year-over-year. 

Net sales slumped 14.8% to $82.9 million year-over-year, the company said in a statement. 

The Kearney, NE-based company's comparable-store sales for the 35-week period ended Oct. 1 declined 12.1% vs. comparable-store sales during the same period last year. 

Net sales for the same 35-week period fell 11.4% year-over-year. 

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About 1.51 million of the company's shares changed hands so far today vs. its average volume of 359,458 shares per day.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Buckle as a Hold with a ratings score of C. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

You can view the full analysis from the report here: BKE

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