Price Action Alert: Could Buckle Inc Recover After Today’s Huge Decline?

Price Action Alert: Could Buckle Inc Recover After Today's Huge Decline?

The stock of Buckle Inc (NYSE:BKE) is a huge mover today! About 1.56M shares traded hands or 333.99% up from the average. Buckle Inc (NYSE:BKE) has declined 23.64% since March 3, 2016 and is downtrending. It has underperformed by 31.98% the S&P500.
The move comes after 9 months negative chart setup for the $1.04B company. It was reported on Oct, 6 by Barchart.com. We have $19.16 PT which if reached, will make NYSE:BKE worth $93.60M less.

Buckle Inc (NYSE:BKE) Ratings Coverage

Out of 2 analysts covering Buckle Inc (NYSE:BKE), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Buckle Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wolfe Research to “Underperform” on Friday, May 6. As per Monday, August 24, the company rating was upgraded by Zacks. Brean Capital maintained the stock with “Hold” rating in Saturday, August 22 report. The firm has “Hold” rating by Standpoint Research given on Wednesday, March 30. The stock has “Buy” rating given by Standpoint Research on Thursday, January 7. Sterne Agee CRT maintained the stock with “Hold” rating in Sunday, August 23 report. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, August 18.

According to Zacks Investment Research, “Buckle, Inc. is a retailer of medium to better-priced casual apparel for young men and women. The company markets a wide selection of mostly brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. They emphasize personalized attention to their customers and provides individual customer services such as free alterations, free gift-wrapping, easy layaways and a frequent shopper program. Most stores are located in regional, high-traffic shopping malls, and this is their strategy for future expansion.”

Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.16, from 1.28 in 2016Q1. The ratio fall, as 25 funds sold all Buckle Inc shares owned while 40 reduced positions. 15 funds bought stakes while 58 increased positions. They now own 27.16 million shares or 6.95% less from 29.19 million shares in 2016Q1.
Clinton Gru has 0.01% invested in the company for 12,165 shares. Manufacturers Life Insur The has 0% invested in the company for 20,105 shares. Great West Life Assurance Can holds 0% of its portfolio in Buckle Inc (NYSE:BKE) for 2,283 shares. Ls Investment Advsr Lc has 996 shares for 0% of their US portfolio. Barrow Hanley Mewhinney & Strauss Limited Liability Corporation, a Texas-based fund reported 207,029 shares. Euclidean Techs Mgmt Limited Liability holds 67,834 shares or 1.89% of its portfolio. Pnc Fincl Svcs Gp has 0% invested in the company for 12,337 shares. D E Shaw And Company has 16,424 shares for 0% of their US portfolio. Loomis Sayles And Com Limited Partnership holds 0% or 352 shares in its portfolio. Great Lakes Advsr Ltd Liability Com accumulated 140,529 shares or 0.1% of the stock. Horizon Kinetics Ltd Liability Company holds 0.01% of its portfolio in Buckle Inc (NYSE:BKE) for 16,778 shares. Royal Natl Bank Of Canada reported 21,428 shares or 0% of all its holdings. New York State Common Retirement Fund holds 0% or 95,058 shares in its portfolio. Gotham Asset Mngmt Lc holds 358,405 shares or 0.11% of its portfolio. The California-based Blackrock Fund Advsrs has invested 0.01% in Buckle Inc (NYSE:BKE).

Insider Transactions: Since May 17, 2016, the stock had 1 insider purchase, and 2 sales for $243,269 net activity. Another trade for 200 shares valued at $4,706 was bought by FAIRFIELD BILL L. Another trade for 4,000 shares valued at $106,852 was made by MOLCZYK KELLI D on Wednesday, July 13. HANSON KYLE sold $141,123 worth of Buckle Inc (NYSE:BKE) on Tuesday, July 19.

More recent Buckle Inc (NYSE:BKE) news were published by: Fool.com which released: “Why Buckle Inc.’s Stock Fell 15% in May” on June 09, 2016. Also Seekingalpha.com published the news titled: “Buckle Inc.: Can A Buying Opportunity Emerge From This Struggling Retailer’s …” on August 19, 2016. Businesswire.com‘s news article titled: “The Buckle, Inc. Reports August 2016 Net Sales” with publication date: September 01, 2016 was also an interesting one.

BKE Company Profile

The Buckle, Inc., incorporated on August 30, 1948, is a retailer of casual apparel, footwear and accessories for young men and women. The Firm markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Firm provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program. The Firm offers denims from brands, such as Miss Me, Rock Revival, Big Star Vintage, Buffalo Jeans, KanCan, and Flying Monkey. The Company’s other brands include Hurley, Billabong, Affliction, American Fighter, Sinful, Oakley, Fox, Society, Obey, Roar, RVCA, Salvage, 7 Diamonds, Nixon, Under Armour, Bench, O’Neill, Young & Reckless, Amuse Society, Corral, Reef and Fossil.

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