Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 7.3%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%

Low stock price volatility
Vol 12M is 28%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.

Trading close to highs
Dist 52W High is -2.1%, Dist 3Y High is -2.1%

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%

Key risks
BKE key risks include [1] its dependence on discretionary consumer spending, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 7.3%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 20%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%
3 Low stock price volatility
Vol 12M is 28%
4 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail, and Experience Economy & Premiumization. Themes include Direct-to-Consumer Brands, and Experiential Retail.
5 Trading close to highs
Dist 52W High is -2.1%, Dist 3Y High is -2.1%
6 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.0%
7 Key risks
BKE key risks include [1] its dependence on discretionary consumer spending, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

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Buckle (BKE) stock has gained about 10% since 12/31/2025 because of the following key factors:

1. Buckle reported robust financial results for its fiscal fourth quarter ending January 31, 2026, exceeding analyst expectations for both earnings and revenue. The company posted an earnings per share (EPS) of $1.60, surpassing the anticipated $1.53, and recorded revenues of $399.1 million, slightly above the forecasted $396.45 million. Net income for the quarter increased to $80.8 million from $77.2 million in the prior year, with comparable store net sales growing by 3.9% and online sales increasing by 6.4%. This strong performance, coupled with optimistic guidance for the upcoming fiscal year, positively influenced investor sentiment.

2. The company demonstrated consistent and strong monthly comparable store net sales growth throughout the period. In January 2026, comparable store net sales rose by 1.7%, with total net sales increasing 3.7% to $61.8 million. This momentum accelerated in February 2026, with comparable store net sales increasing by 8.0% and total net sales reaching $84.4 million, an 8.8% increase. Continuing this trend, March 2026 saw a 7.0% rise in comparable store net sales and an 8.2% increase in total net sales to $118.0 million. This sustained growth was notably driven by strong performance in women's merchandise, which saw a 12% year-over-year increase in March 2026 and accounted for 52% of total sales.

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Stock Movement Drivers

Fundamental Drivers

The 12.2% change in BKE stock from 12/31/2025 to 4/22/2026 was primarily driven by a 10.8% change in the company's P/E Multiple.
(LTM values as of)123120254222026Change
Stock Price ($)49.8855.9512.2%
Change Contribution By: 
Total Revenues ($ Mil)1,2781,2981.6%
Net Income Margin (%)16.1%16.2%0.2%
P/E Multiple12.113.510.8%
Shares Outstanding (Mil)5050-0.5%
Cumulative Contribution12.2%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026
ReturnCorrelation
BKE12.2% 
Market (SPY)-5.4%16.7%
Sector (XLY)-0.4%34.5%

Fundamental Drivers

The 2.8% change in BKE stock from 9/30/2025 to 4/22/2026 was primarily driven by a 3.8% change in the company's Total Revenues ($ Mil).
(LTM values as of)93020254222026Change
Stock Price ($)54.4155.952.8%
Change Contribution By: 
Total Revenues ($ Mil)1,2511,2983.8%
Net Income Margin (%)16.1%16.2%0.3%
P/E Multiple13.613.5-0.6%
Shares Outstanding (Mil)5050-0.5%
Cumulative Contribution2.8%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026
ReturnCorrelation
BKE2.8% 
Market (SPY)-2.9%23.8%
Sector (XLY)-0.5%38.1%

Fundamental Drivers

The 60.1% change in BKE stock from 3/31/2025 to 4/22/2026 was primarily driven by a 52.9% change in the company's P/E Multiple.
(LTM values as of)33120254222026Change
Stock Price ($)34.9455.9560.1%
Change Contribution By: 
Total Revenues ($ Mil)1,2211,2986.3%
Net Income Margin (%)16.2%16.2%-0.3%
P/E Multiple8.813.552.9%
Shares Outstanding (Mil)5050-1.2%
Cumulative Contribution60.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026
ReturnCorrelation
BKE60.1% 
Market (SPY)16.3%47.2%
Sector (XLY)21.2%54.3%

Fundamental Drivers

The 106.1% change in BKE stock from 3/31/2023 to 4/22/2026 was primarily driven by a 155.5% change in the company's P/E Multiple.
(LTM values as of)33120234222026Change
Stock Price ($)27.1555.95106.1%
Change Contribution By: 
Total Revenues ($ Mil)1,3451,298-3.5%
Net Income Margin (%)18.9%16.2%-14.6%
P/E Multiple5.313.5155.5%
Shares Outstanding (Mil)4950-2.1%
Cumulative Contribution106.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/22/2026
ReturnCorrelation
BKE106.1% 
Market (SPY)63.3%44.0%
Sector (XLY)62.7%48.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
BKE Return70%11%15%17%14%12%224%
Peers Return34%-38%79%21%29%-8%115%
S&P 500 Return27%-19%24%23%16%3%88%

Monthly Win Rates [3]
BKE Win Rate75%50%50%42%50%50% 
Peers Win Rate57%32%63%53%62%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
BKE Max Drawdown-2%-36%-27%-19%-30%-6% 
Peers Max Drawdown-2%-52%-17%-13%-38%-25% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AEO, ANF, URBN, LEVI, ZUMZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

Unique KeyEventBKES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-49.8%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven99.3%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven880 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.9%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven112.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven222 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-47.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven88.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven178 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-65.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven186.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven868 days1,480 days

Compare to AEO, ANF, URBN, LEVI, ZUMZ

In The Past

Buckle's stock fell -49.8% during the 2022 Inflation Shock from a high on 11/18/2021. A -49.8% loss requires a 99.3% gain to breakeven.

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About Buckle (BKE)

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Reclaim, BKE Vintage, Nova Industries, J.B. Holt, and Veece. The company also provides services, such as hemming, gift-packaging, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. As of March 11, 2022, it operated 440 retail stores in 42 states under the Buckle and The Buckle names. The Buckle, Inc. also sells its products through its website, buckle.com. The company was formerly known as Mills Clothing, Inc. and changed its name to The Buckle, Inc. in April 1991. The Buckle, Inc. was incorporated in 1948 and is headquartered in Kearney, Nebraska.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe The Buckle (BKE):

  • An American Eagle Outfitters focused more on multi-brand casual wear and premium denim.
  • A PacSun or Zumiez, but for a broader range of mainstream casual apparel and denim for young adults.

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  • Casual Apparel: A selection of brand name and private label clothing, including denims, other casual bottoms, tops, sportswear, and outerwear for young men and women.
  • Footwear: A variety of shoes offered to complement their apparel collections.
  • Accessories: Items such as belts, bags, and jewelry designed to enhance outfits.
  • Retail Convenience Services: Offerings like hemming, gift-packaging, layaways, and a special order system to facilitate customer purchases.
  • Customer Engagement Programs: A guest loyalty program and personalized stylist services designed to enhance the customer's shopping experience and build relationships.
  • Private Label Credit Card: A credit card issued under the Buckle brand to provide financing options to customers.
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AI Analysis | Feedback

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The Buckle, Inc. (BKE) sells primarily to individuals.

Based on the company description, Buckle serves the following categories of individual customers:

  • Young Men: Individuals falling within the "young men" demographic who are seeking casual apparel, footwear, and accessories.
  • Young Women: Individuals falling within the "young women" demographic who are seeking casual apparel, footwear, and accessories.
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Dennis H. Nelson, President and Chief Executive Officer

Mr. Nelson began his career with The Buckle, Inc. in 1970 as a part-time salesperson while attending Kearney State College (now the University of Nebraska - Kearney). Upon graduation in 1973, he became a full-time employee and has since worked in all phases of the company's operations. He has held the titles of President and Director since April 19, 1991, and was elected Chief Executive Officer on March 17, 1997.

Thomas B. Heacock, Senior Vice President of Finance, Treasurer, and Chief Financial Officer

Mr. Heacock serves as Senior Vice President of Finance, Treasurer, Chief Financial Officer, and a Director of The Buckle, Inc. He was appointed Chief Financial Officer on July 20, 2017, and became Senior Vice President of Finance, Treasurer, and Chief Financial Officer effective February 4, 2018. Mr. Heacock has been with Buckle since October 2003, previously serving as Vice President of Finance, Treasurer, and Corporate Controller. Prior to joining Buckle, he was employed by Ernst & Young, LLP. Mr. Heacock is the son-in-law of Dennis H. Nelson, the President and Chief Executive Officer.

Daniel J. Hirschfeld, Chairman

Mr. Hirschfeld has served as Chairman of the Board of The Buckle, Inc. since April 19, 1991. Prior to this role, he held positions as President and Chief Executive Officer. He has been involved in all aspects of Buckle's business, including the development of its management information systems. His father, David Hirschfeld, founded Mills Clothing, Inc., the precursor to The Buckle, Inc., in 1948, and Daniel took over the business in 1965.

Brady M. Fritz, Senior Vice President, General Counsel and Corporate Secretary

Ms. Fritz was appointed Senior Vice President, General Counsel, and Corporate Secretary on February 22, 2022, having previously served as Vice President, General Counsel, and Corporate Secretary since March 2021. She joined Buckle on December 10, 2018. Before her tenure at Buckle, Ms. Fritz spent over 10 years at Cargill Incorporated, where she held various roles of increasing responsibility, including Global Legal Operations Leader and Senior Attorney.

Brett P. Milkie, Senior Vice President of Leasing

Mr. Milkie holds the position of Senior Vice President of Leasing at The Buckle, Inc.

AI Analysis | Feedback

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Here are the key risks to The Buckle, Inc. (BKE):

  1. Dependence on Merchandising/Fashion Sensitivity: The success of The Buckle, Inc. is highly reliant on its ability to accurately identify and respond to rapidly evolving fashion trends and consumer tastes, particularly in its core denim category, which accounts for a significant portion of its sales. A failure to anticipate or react effectively and timely to changes in fashion trends could lead to reduced net sales, increased markdowns, and compressed margins.
  2. Economic Sensitivity: As a retailer of discretionary casual apparel, footwear, and accessories, Buckle's performance is significantly influenced by general economic conditions. Economic downturns, inflation, and job uncertainty can adversely impact consumer discretionary spending, which in turn can lead to a decline in sales and gross margins.
  3. Intense Competition: The retail apparel industry is characterized by fierce competition from numerous players, including national chains, department stores, specialty stores, and online retailers. This intense competitive environment poses a constant threat of emerging trends and new entrants that could erode Buckle's market position and profitability.
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AI Analysis | Feedback

The rise of ultra-fast fashion retailers (e.g., Shein, Temu) represents a clear emerging threat. These companies leverage highly agile supply chains, data-driven trend identification, and aggressive pricing to rapidly produce and distribute vast selections of trendy apparel, footwear, and accessories directly to consumers, primarily targeting the same young demographic as Buckle. This model challenges traditional retail operations like Buckle's by offering significantly lower price points and a faster turnover of styles, potentially eroding market share and consumer relevance for conventional retailers.

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The addressable markets for Buckle's main products and services in the U.S. region are as follows:
  • The United States casual wear market was valued at USD 196.22 billion in 2024, and it is forecasted to reach USD 266.47 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 3.48% during the period 2026–2033. The broader U.S. clothing and apparel market was USD 370.4 billion in 2024 and is projected to grow to USD 482.1 billion by 2032, with casual wear representing the leading category at a 75% share.
  • The U.S. shoe and footwear market size was USD 95.1 billion in 2024, and it is projected to grow by 3.7% between 2025 and 2032, reaching USD 125.7 billion by 2032. Another estimate places the U.S. footwear market at USD 94,538.1 million in 2024, expected to reach USD 117,375.3 million by 2030 with a CAGR of 3.7% from 2025 to 2030.
  • The U.S. fashion accessories market generated a revenue of USD 222,074.1 million in 2024 and is expected to reach USD 342,988.5 million by 2030, growing at a CAGR of 7.8% from 2025 to 2030.

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The Buckle, Inc. (BKE) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Growth in Online Sales: The company has demonstrated consistent strength in its e-commerce platform, with online sales increasing by 13.6% in Q3 FY2025 and 6.4% in Q4 FY2025, leading to a 9.8% increase for the full fiscal year 2025. Management has emphasized a commitment to enhancing the online shopping experience to further capitalize on this trend. * Store Expansion and Remodels: Buckle plans to open 12-14 new stores and complete 12-14 full remodel projects in fiscal year 2026. A significant portion of these remodels are planned relocations into new outdoor shopping centers and outlet formats, aligning with evolving consumer preferences for open-air shopping environments and signaling confidence in its real estate strategy. * Expansion of Women's Merchandise: The women's merchandise category has been a strong performer, experiencing double-digit growth of approximately 12% in Q4 FY2025 and accounting for 46% of total sales. Women's denim sales specifically saw a 10.5% increase. The company's management is committed to expanding this category, indicating continued focus and investment. * Growth in the Kids' Segment: The kids' business is identified as a key area of opportunity for growth, having delivered a standout quarter with approximately 16% year-over-year growth in Q4 FY2025. * Enhancement of Product Assortment, including Private Labels: Ongoing enhancements in product assortment, particularly within the successful women's and kids' segments, along with the continued performance of private label brands such as Buckle Black, are expected to contribute to future revenue gains. Executives have highlighted the success of the Buckle Black label in driving sales growth.

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Share Repurchases

  • The Buckle, Inc. has a 1,000,000 share repurchase plan authorized by the Board of Directors on November 20, 2008.
  • As of February 1, 2020, 435,655 shares remained available under this authorization. As of April 2, 2025, and December 11, 2025, 410,655 shares remained to complete the authorization, indicating no significant repurchases were made under this plan in recent years.
  • The company recorded minimal share repurchases of $0.37 million in fiscal year 2021 (ended January 29, 2022), with $0 reported for fiscal years 2022, 2023, 2024, and the trailing twelve months ending November 2025.

Share Issuance

  • The number of common shares outstanding for Buckle has generally increased over the last few fiscal years, rising from 49,728,651 shares at January 29, 2022, to 50,092,616 shares at January 28, 2023.
  • Annual shares outstanding increased from 50 million in January 2024 to 51 million in January 2025, indicating new shares were issued during this period.
  • As of May 3, 2025, the company had 51,157,306 shares outstanding, compared to 50,773,556 shares at February 1, 2025, and 50,778,536 shares at May 4, 2024.

Capital Expenditures

  • In fiscal year 2025 (ended January 31, 2026), capital expenditures totaled $45.4 million, with $40.7 million allocated for new store construction, store remodels, and technology upgrades, and $4.7 million for corporate headquarters and the distribution center.
  • Capital expenditures were $42.275 million in fiscal year 2024 (ended February 1, 2025), $37.274 million in fiscal year 2023 (ended February 3, 2024), $30.36 million in fiscal year 2022 (ended January 28, 2023), and $19.1 million in fiscal year 2021 (ended January 29, 2022).
  • The company anticipates capital spending of approximately $50.0 to $55.0 million during fiscal year 2025, primarily for planned store projects and technology investments, with plans to open 7 new stores and complete approximately 18-22 full remodels. For fiscal 2026, Buckle plans to open 12 to 14 new stores and complete 12 to 14 full remodel projects.

Better Bets vs. Buckle (BKE)

Trade Ideas

Select ideas related to BKE.

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5.6%5.6%0.0%
OLLI_3272026_Dip_Buyer_ValueBuy03272026OLLIOllie's Bargain OutletDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
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PATK_3272026_Insider_Buying_GTE_1Mil_EBITp+DE_V203272026PATKPatrick IndustriesInsiderInsider Buys | Low D/EStrong Insider Buying
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3.4%3.4%-1.6%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

BKEAEOANFURBNLEVIZUMZMedian
NameBuckle American.Abercrom.Urban Ou.Levi Str.Zumiez  
Mkt Price55.9518.7192.5075.1822.8225.1140.53
Mkt Cap2.83.24.26.78.90.43.7
Rev LTM1,2985,5475,2666,1656,4989295,407
Op Inc LTM26132869960671017467
FCF LTM20619537831547442260
FCF 3Y Avg20828546731550814300
CFO LTM25145661957568953516
CFO 3Y Avg24950566152974530517

Growth & Margins

BKEAEOANFURBNLEVIZUMZMedian
NameBuckle American.Abercrom.Urban Ou.Levi Str.Zumiez  
Rev Chg LTM6.6%4.1%6.4%11.1%6.9%4.5%6.5%
Rev Chg 3Y Avg-1.0%3.6%12.6%8.8%1.6%-0.9%2.6%
Rev Chg Q5.3%12.9%5.4%10.1%14.1%4.4%7.7%
QoQ Delta Rev Chg LTM1.6%3.9%1.6%2.8%3.4%1.3%2.2%
Op Inc Chg LTM8.3%-26.3%-5.6%27.8%10.3%773.9%9.3%
Op Inc Chg 3Y Avg-6.7%10.4%156.8%39.9%12.2%189.5%26.1%
Op Mgn LTM20.1%5.9%13.3%9.8%10.9%1.8%10.4%
Op Mgn 3Y Avg20.5%7.1%13.2%8.6%9.6%-1.8%9.1%
QoQ Delta Op Mgn LTM0.0%0.5%-0.6%0.3%-0.2%0.5%0.2%
CFO/Rev LTM19.4%8.2%11.8%9.3%10.6%5.8%10.0%
CFO/Rev 3Y Avg19.8%9.4%13.8%9.4%12.4%3.3%10.9%
FCF/Rev LTM15.9%3.5%7.2%5.1%7.3%4.6%6.1%
FCF/Rev 3Y Avg16.5%5.3%9.8%5.6%8.5%1.5%7.0%

Valuation

BKEAEOANFURBNLEVIZUMZMedian
NameBuckle American.Abercrom.Urban Ou.Levi Str.Zumiez  
Mkt Cap2.83.24.26.78.90.43.7
P/S2.20.60.81.11.40.40.9
P/Op Inc10.89.76.011.112.523.711.0
P/EBIT10.89.75.811.212.123.711.0
P/E13.516.58.314.514.430.214.4
P/CFO11.26.96.811.712.97.69.4
Total Yield15.4%7.4%12.0%6.9%9.4%3.3%8.4%
Dividend Yield8.0%1.4%0.0%0.0%2.4%0.0%0.7%
FCF Yield 3Y Avg9.8%8.8%10.2%6.6%7.1%3.4%8.0%
D/E0.10.50.30.20.30.50.3
Net D/E0.00.50.10.10.20.10.1

Returns

BKEAEOANFURBNLEVIZUMZMedian
NameBuckle American.Abercrom.Urban Ou.Levi Str.Zumiez  
1M Rtn12.6%11.7%5.7%21.7%23.3%16.4%14.5%
3M Rtn1.6%-27.5%-6.6%4.6%5.9%-0.6%0.5%
6M Rtn8.6%20.3%35.3%10.8%8.7%16.1%13.4%
12M Rtn75.6%75.1%23.4%50.4%52.7%109.8%63.9%
3Y Rtn113.8%51.7%281.6%180.6%68.2%40.3%91.0%
1M Excs Rtn4.1%3.2%-2.8%13.3%14.8%7.9%6.0%
3M Excs Rtn-2.2%-31.4%-10.4%0.8%2.0%-4.4%-3.3%
6M Excs Rtn2.3%16.3%32.8%6.4%6.4%17.3%11.4%
12M Excs Rtn40.3%41.7%-11.3%18.5%18.9%71.7%29.6%
3Y Excs Rtn38.9%-23.1%199.7%104.4%-6.1%-36.7%16.4%

Financials

Segment Financials

Revenue by Segment
$ Mil20262025202420232022
Denims516529513361366
Tops (including sweaters)370400391271290
Accessories1361351208172
Sportswear/Fashions8474765280
Footwear681241269250
Kids4342321814
Casual bottoms281512810
Outerwear1628251718
Total1,2611,3451,295901900


Price Behavior

Price Behavior
Market Price$55.95 
Market Cap ($ Bil)2.8 
First Trading Date05/11/1992 
Distance from 52W High-2.1% 
   50 Days200 Days
DMA Price$51.84$51.36
DMA Trendupindeterminate
Distance from DMA7.9%8.9%
 3M1YR
Volatility29.3%27.7%
Downside Capture-0.130.18
Upside Capture-31.82100.27
Correlation (SPY)18.8%38.1%
BKE Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.730.610.380.500.770.90
Up Beta0.080.581.301.120.870.95
Down Beta1.320.960.180.310.560.64
Up Capture9%82%27%27%95%107%
Bmk +ve Days7162765139424
Stock +ve Days12283664129378
Down Capture76%21%31%61%79%99%
Bmk -ve Days12233358110323
Stock -ve Days10142762123365

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BKE
BKE79.1%27.7%2.08-
Sector ETF (XLY)32.7%19.2%1.3545.9%
Equity (SPY)26.7%12.5%1.7739.8%
Gold (GLD)38.9%27.4%1.19-1.4%
Commodities (DBC)23.5%16.2%1.321.7%
Real Estate (VNQ)15.6%13.6%0.8231.4%
Bitcoin (BTCUSD)-12.8%42.6%-0.2121.6%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BKE
BKE17.4%36.3%0.53-
Sector ETF (XLY)6.7%23.8%0.2551.6%
Equity (SPY)10.5%17.1%0.4848.0%
Gold (GLD)21.5%17.8%0.991.4%
Commodities (DBC)10.7%18.8%0.4716.7%
Real Estate (VNQ)3.6%18.8%0.0937.7%
Bitcoin (BTCUSD)3.8%56.4%0.2915.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with BKE
BKE18.1%43.4%0.54-
Sector ETF (XLY)12.8%22.0%0.5345.0%
Equity (SPY)13.8%17.9%0.6641.5%
Gold (GLD)13.9%15.9%0.73-3.2%
Commodities (DBC)8.1%17.6%0.3817.7%
Real Estate (VNQ)5.4%20.7%0.2334.9%
Bitcoin (BTCUSD)68.1%66.9%1.0710.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity3.5 Mil
Short Interest: % Change Since 31520266.0%
Average Daily Volume0.6 Mil
Days-to-Cover Short Interest6.1 days
Basic Shares Quantity50.5 Mil
Short % of Basic Shares7.0%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
3/13/2026-1.9%-2.2%6.0%
11/21/2025-1.0%3.6%-0.0%
8/22/2025-0.5%0.7%7.0%
5/23/20255.3%3.6%7.7%
3/14/20252.8%8.1%-2.2%
11/22/20244.9%10.7%4.9%
8/23/2024-2.8%-4.1%-1.5%
5/24/2024-1.3%5.0%0.0%
...
SUMMARY STATS   
# Positive131413
# Negative111011
Median Positive2.6%3.6%6.3%
Median Negative-1.5%-3.3%-6.1%
Max Positive5.5%10.7%22.0%
Max Negative-4.6%-6.6%-13.8%

SEC Filings

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Report DateFiling DateFiling
01/31/202604/01/202610-K
10/31/202512/11/202510-Q
07/31/202509/11/202510-Q
04/30/202506/12/202510-Q
01/31/202504/02/202510-K
10/31/202412/12/202410-Q
07/31/202409/12/202410-Q
04/30/202406/13/202410-Q
01/31/202404/03/202410-K
10/31/202312/07/202310-Q
07/31/202309/07/202310-Q
04/30/202306/08/202310-Q
01/31/202303/29/202310-K
10/31/202212/08/202210-Q
07/31/202209/08/202210-Q
04/30/202206/09/202210-Q