Today’s Price Action: Is Buying Stock Like Buckle Inc After Such Increase Winning Strategy?

Today's Price Action: Is Buying Stock Like Buckle Inc After Such Increase Winning Strategy?

The stock of Buckle Inc (NYSE:BKE) is a huge mover today! About 331,585 shares traded hands. Buckle Inc (NYSE:BKE) has declined 25.05% since April 8, 2016 and is downtrending. It has underperformed by 30.70% the S&P500.
The move comes after 9 months positive chart setup for the $1.16 billion company. It was reported on Nov, 10 by Barchart.com. We have $30.52 PT which if reached, will make NYSE:BKE worth $382.80M more.

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 firm has “Hold” rating by Standpoint Research given on Wednesday, March 30. The firm earned “Underperform” rating on Friday, May 6 by Wolfe Research. The company was initiated on Tuesday, August 18 by Wolfe Research. The firm has “Buy” rating by Standpoint Research given on Thursday, January 7. The firm earned “Hold” rating on Sunday, August 23 by Sterne Agee CRT. The rating was maintained by Brean Capital on Saturday, August 22 with “Hold”. The firm has “Sell” rating given on Monday, August 24 by Zacks.

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.
Thrivent For Lutherans last reported 13,490 shares in the company. Pnc Fincl Svcs Group Inc Incorporated holds 0% or 12,337 shares in its portfolio. The Iowa-based Principal Finance Grp has invested 0.01% in Buckle Inc (NYSE:BKE). Rhumbline Advisers, a Massachusetts-based fund reported 63,029 shares. Teacher Retirement Of Texas accumulated 0% or 4,069 shares. National Bank Of New York Mellon Corp accumulated 512,031 shares or 0% of the stock. Independent Consultants Incorporated accumulated 0.01% or 1,685 shares. Hamlin Capital Mngmt Ltd Limited Liability Company last reported 1.74 million shares in the company. Northern Trust last reported 359,541 shares in the company. Schwab Charles Invest Management Inc has invested 0.01% of its portfolio in Buckle Inc (NYSE:BKE). Hsbc Public Ltd Company holds 0% or 8,585 shares in its portfolio. Jensen Inv Mgmt has 0.01% invested in the company for 17,230 shares. California State Teachers Retirement Systems holds 0% of its portfolio in Buckle Inc (NYSE:BKE) for 60,034 shares. Peak6 Limited Partnership accumulated 3,280 shares or 0% of the stock. Oppenheimer And has invested 0.01% of its portfolio in Buckle Inc (NYSE:BKE).

Insider Transactions: Since May 17, 2016, the stock had 1 buying transaction, and 2 insider sales for $243,269 net activity. FAIRFIELD BILL L had bought 200 shares worth $4,706. MOLCZYK KELLI D had sold 4,000 shares worth $106,852 on Wednesday, July 13. $141,123 worth of Buckle Inc (NYSE:BKE) shares were 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 Businesswire.com published article titled: “The Buckle, Inc. Reports September 2016 Net Sales”, 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: Seekingalpha.com and their article: “Buckle Inc.: Can A Buying Opportunity Emerge From This Struggling Retailer’s …” with publication date: August 19, 2016.

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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