Buckle Stock Hits New 52-Week High (BKE)

NEW YORK ( TheStreet) -- Buckle Incorporated (NYSE: BKE) hit a new 52-week high Thursday as it is currently trading at $48, above its previous 52-week high of $47.97 with 644,732 shares traded as of 10:10 a.m. ET. Average volume has been 421,000 shares over the past 30 days.

Buckle has a market cap of $2.04 billion and is part of the services sector and retail industry. Shares are up 9.9% 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 has a P/E ratio of 14.7, above the average retail industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Buckle as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Buckle Ratings Report.

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