NEW YORK (

TheStreet

) --

Buckle Incorporated

(NYSE:

BKE

) hit a new 52-week high Thursday as it traded at $40.70 compared with its previous 52-Week high of $40.35. Buckle is changing hands at $40.49 with 59,287 shares traded as of 9:46 a.m. ET. Average volume has been 401,800 shares over the past 30 days.

Buckle has a market cap of $1.8 billion and is part of the

services

sector and

retail

industry. Shares are up 6% year to date as of the close of trading on Wednesday.

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the continental United States. Its casual apparel products include denims, casual bottoms, tops, sportswear, and outerwear. The company also sells its products online. The company has a P/E ratio of 13.6, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Buckle as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, growth in earnings per share, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Buckle Ratings Report

.

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