The stock of Buckle Inc (NYSE:BKE) hit a new 52-week low and has $19.67 target or 7.00% below today’s $21.15 share price. The 6 months bearish chart indicates high risk for the $1.04B company. The 1-year low was reported on Oct, 6 by Barchart.com. If the $19.67 price target is reached, the company will be worth $72.80M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 326,051 shares traded hands. Buckle Inc (NYSE:BKE) has declined 23.64% since March 3, 2016 and is downtrending. It has underperformed by 31.98% the S&P500.
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. $45 is the highest target while $31 is the lowest. The $38 average target is 79.67% above today’s ($21.15) stock price. Buckle Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The rating was maintained by Brean Capital on Saturday, August 22 with “Hold”. The stock of Buckle Inc (NYSE:BKE) has “Underperform” rating given on Friday, May 6 by Wolfe Research. The stock of Buckle Inc (NYSE:BKE) has “Hold” rating given on Sunday, August 23 by Sterne Agee CRT. The stock of Buckle Inc (NYSE:BKE) has “Peer Perform” rating given on Tuesday, August 18 by Wolfe Research. The stock of Buckle Inc (NYSE:BKE) earned “Hold” rating by Standpoint Research on Wednesday, March 30. The stock has “Sell” rating given by Zacks on Monday, August 24. The company was upgraded on Thursday, January 7 by Standpoint Research.
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 2016 Q2. Its down 0.16, from 1.28 in 2016Q1. The ratio is negative, 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.
Pnc Svcs Incorporated holds 0% of its portfolio in Buckle Inc (NYSE:BKE) for 12,337 shares. Alliancebernstein Ltd Partnership has invested 0% of its portfolio in Buckle Inc (NYSE:BKE). Zebra Cap Management Lc, a Connecticut-based fund reported 62,056 shares. Moreover, Schwab Charles Inv Mgmt has 0.01% invested in Buckle Inc (NYSE:BKE) for 211,525 shares. Fmr Lc owns 7.27M shares or 0.03% of their US portfolio. Geode Capital Mngmt Ltd Liability has invested 0% of its portfolio in Buckle Inc (NYSE:BKE). Sprott holds 170,000 shares or 0.23% of its portfolio. New York State Common Retirement Fund owns 95,058 shares or 0% of their US portfolio. Principal Gru, a Iowa-based fund reported 197,006 shares. Ladenburg Thalmann Fincl Services Inc holds 0% or 4,106 shares in its portfolio. Cipher Capital Lp owns 19,463 shares or 0.04% of their US portfolio. Nationwide Fund Advsr reported 18,560 shares or 0% of all its holdings. Icon Advisers has 21,200 shares for 0.04% of their US portfolio. Arizona State Retirement reported 14,579 shares or 0.01% of all its holdings. Aperio Ltd Liability Com holds 13,521 shares or 0% of its portfolio.
Insider Transactions: Since May 17, 2016, the stock had 1 buy, and 2 sales for $243,269 net activity. 200 shares were bought by FAIRFIELD BILL L, worth $4,706 on Tuesday, May 17. The insider MOLCZYK KELLI D sold $106,852. Another trade for 5,400 shares valued at $141,123 was sold by HANSON KYLE.
More important 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 article titled: “Buckle Inc.: Can A Buying Opportunity Emerge From This Struggling Retailer’s …”, Businesswire.com published: “The Buckle, Inc. Reports August 2016 Net Sales” on September 01, 2016. More interesting news about Buckle Inc (NYSE:BKE) was released by: Fool.com and their article: “Buckle, Inc. Posts Lower Revenue and Earnings Per Share” with publication date: November 21, 2015.
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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