The Buckle
BKENYSEUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $43.53 Prior regular-session close from the quote source.
- $42.90–$44.09 Regular-session low and high so far today.
- 483.9K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $39.44–$58.52 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own BKE if sales and margins stay resilient versus online/fast‑fashion pressure.
BKE price history
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Investment thesis
What must happen next
Buckle's operating_income (and therefore operating margin) is durable because high merchandise gross_profit and disciplined store/SG&A cost control convert sales into persistent operating profits.StrengtheningMateriality: High
OperatingIncomeLoss = 261,444,000 (annual, period_end 2026-01-31). If operating_income holds, free cash flow and return‑of‑capital remain intact; if the conversion breaks, EPS and cash returns fall even if revenue looks stable.
Watch: Sustained market‑share shift to lower‑cost online fast‑fashion players forcing deeper, more frequent markdowns and promotional intensity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
OperatingIncomeLoss = 261,444,000 (annual, period_end 2026-01-31).
Open source ↗Stable, high operating_cash_flow provides the capital buffer to fund store investment and shareholder returns without needing external financing, making per‑share value resilient to cyclical revenue swings.StrengtheningMateriality: High
NetCashProvidedByUsedInOperatingActivities = 251,140,000 (annual, period_end 2026-01-31). If operating_cash_flow stays high, the company can continue buybacks/dividends or selective reinvestment; if OCF falls, the company either shrinks returns or takes on financing risk.
Watch: A meaningful increase in inventory (poor sell‑through) or receivables that ties up cash and reduces OCF.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
NetCashProvidedByUsedInOperatingActivities = 251,140,000 (annual, period_end 2026-01-31).
Open source ↗Revenue stability is a function of a focused merchandise assortment and repeat customer demand; historical revenue prints show resilience through cycles, so demand durability — not growth — is the realistic base case.HoldingMateriality: Medium
Revenue = 1,297,835,000 (annual, period_end 2026-01-31). If the company sustains revenue near historical levels, margins and cash can preserve value; if the customer base erodes, margins will suffer as assortments are cleared.
Watch: Large, sustained traffic losses at mall locations or rapid customer migration to online competitors capturing Buckle’s demographic.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Revenue = 1,297,835,000 (annual, period_end 2026-01-31).
Open source ↗
Full investment case & evidence
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Original research
Buckle's operating_income (and therefore operating margin) is durable because high merchandise gross_profit and disciplined store/SG&A cost control convert sales into persistent operating profits. If operating_income holds, free cash flow and return‑of‑capital remain intact; if the conversion breaks, EPS and cash returns fall even if revenue looks stable.
Stable, high operating_cash_flow provides the capital buffer to fund store investment and shareholder returns without needing external financing, making per‑share value resilient to cyclical revenue swings. If operating_cash_flow stays high, the company can continue buybacks/dividends or selective reinvestment; if OCF falls, the company either shrinks returns or takes on financing risk.
Revenue stability is a function of a focused merchandise assortment and repeat customer demand; historical revenue prints show resilience through cycles, so demand durability — not growth — is the realistic base case. If the company sustains revenue near historical levels, margins and cash can preserve value; if the customer base erodes, margins will suffer as assortments are cleared.
All standing thesis claims
Original report summary
sales and margins stay resilient versus online/fast‑fashion pressure.
Bull case and bear case
Bull case and bear case for Buckle
Where the evidence on Buckle stands: Holding on the latest evidence (Nov 8, 2026). Of its 3 thesis points, 2 strengthening and 1 holding.
Bull case: what the evidence supports
Buckle's operating_income (and therefore operating margin) is durable because high merchandise gross_profit and disciplined store/SG&A cost control convert sales into persistent operating profits.
Stable, high operating_cash_flow provides the capital buffer to fund store investment and shareholder returns without needing external financing, making per‑share value resilient to cyclical revenue swings.
Revenue stability is a function of a focused merchandise assortment and repeat customer demand; historical revenue prints show resilience through cycles, so demand durability — not growth — is the realistic base case.
Bear case: what would count against it
Sustained market‑share shift to lower‑cost online fast‑fashion players forcing deeper, more frequent markdowns and promotional intensity.
A meaningful increase in inventory (poor sell‑through) or receivables that ties up cash and reduces OCF.
Large, sustained traffic losses at mall locations or rapid customer migration to online competitors capturing Buckle’s demographic.
Thesis-Break Engine
Thesis-break watch · Buckle
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedOther material event.
Buckle filed an SEC 8-K on 2026-09-15: Other material event. It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
Buckle filed an SEC 8-K on 2026-08-31: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
Buckle filed an SEC 8-K on 2026-08-21: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Sustained market‑share shift to lower‑cost online fast‑fashion players forcing deeper, more frequent markdowns and promotional intensity.
- A meaningful increase in inventory (poor sell‑through) or receivables that ties up cash and reduces OCF.
- Large, sustained traffic losses at mall locations or rapid customer migration to online competitors capturing Buckle’s demographic.
BKE news
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Financial statements
BKE income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.
BKE: quick answers
- What is BKE's short interest?
- As of October 30, 2026, 3.6M BKE shares were sold short, 6.98% of its shares outstanding, down 3.9% from the count before. At the stock's average daily volume that is 9.1 days to cover. FINRA publishes the count twice a month. BKE short interest history
- Have members of Congress traded BKE?
- Reports made public in the last 90 days disclose 2 trades in BKE by 1 filer: 0 purchases and 2 sales. They are filed under the STOCK Act by members of Congress, the President and senior officials. Every disclosed BKE trade