Stock Mover of the Day: Could Buckle Inc Decline After Today’s Significant Increase?

Stock Mover of the Day: Could Buckle Inc Decline After Today's Significant Increase?

The stock of Buckle Inc (NYSE:BKE) is a huge mover today! About 402,229 shares traded hands. Buckle Inc (NYSE:BKE) has declined 20.57% since April 18, 2016 and is downtrending. It has underperformed by 25.00% the S&P500.
The move comes after 6 months positive chart setup for the $1.17B company. It was reported on Nov, 18 by Barchart.com. We have $32.03 PT which if reached, will make NYSE:BKE worth $362.70M 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. Sterne Agee CRT maintained it with “Hold” rating and $45 target price in Sunday, August 23 report. The rating was upgraded by Standpoint Research on Thursday, January 7 to “Buy”. Wolfe Research downgraded the stock to “Underperform” rating in Friday, May 6 report. The rating was downgraded by Standpoint Research on Wednesday, March 30 to “Hold”. On Saturday, August 22 the stock rating was maintained by Brean Capital with “Hold”. The stock of Buckle Inc (NYSE:BKE) earned “Sell” rating by Zacks on Monday, August 24. The firm has “Peer Perform” rating given on Tuesday, August 18 by Wolfe 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 increased to 1.4 in 2016 Q2. Its up 0.28, from 1.12 in 2016Q1. The ratio is positive, 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.
Schwab Charles reported 211,525 shares or 0.01% of all its holdings. Legal & General Public Lc has 5,581 shares for 0% of their US portfolio. Fincl Bank Of Mellon Corp owns 512,031 shares or 0% of their US portfolio. The California-based Aperio Gp Llc has invested 0% in Buckle Inc (NYSE:BKE). Ahl Prtn Llp reported 10,258 shares or 0.01% of all its holdings. Northern Trust has 0% invested in the company for 359,541 shares. Blackrock accumulated 7,648 shares or 0% of the stock. Da Davidson & last reported 2,322 shares in the company. Capstone Asset Co reported 9,056 shares or 0.01% of all its holdings. Independent Port Consultants holds 1,685 shares or 0.01% of its portfolio. Ubs Asset Management Americas has 0% invested in the company for 13,999 shares. Horizon Kinetics Ltd Liability reported 16,778 shares or 0.01% of all its holdings. Fifth Third National Bank accumulated 0% or 843 shares. Geode Mngmt Limited Liability Company has 191,186 shares for 0% of their US portfolio. Renaissance Limited Liability Corp has 170,100 shares for 0.01% of their US portfolio.

Insider Transactions: Since July 13, 2016, the stock had 0 buys, and 2 selling transactions for $247,975 net activity. $106,852 worth of Buckle Inc (NYSE:BKE) was sold by MOLCZYK KELLI D on Wednesday, July 13. HANSON KYLE also sold $141,123 worth of Buckle Inc (NYSE:BKE) shares.

More important recent Buckle Inc (NYSE:BKE) news were published by: Businesswire.com which released: “The Buckle, Inc. Reports Third Quarter Net Income” on November 18, 2016, also Fool.com published article titled: “Why Buckle Inc.’s Stock Fell 15% in May”, 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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