What Will Happen to Buckle Inc (BKE) Next? The Stock Just Increased A Lot

September 17, 2017 - By Marie Mckinney

Investors sentiment decreased to 1.17 in Q4 2016. Its down 0.23, from 1.4 in 2016Q3. It is negative, as 26 investors sold Buckle Inc shares while 40 reduced holdings. 24 funds opened positions while 53 raised stakes. 29.74 million shares or 1.59% less from 30.22 million shares in 2016Q3 were reported.
Sprucegrove Inv Limited holds 269,500 shares. Oppenheimer And Inc holds 0.01% or 10,800 shares. 168 are held by Oakworth Capital. Aperio Gru Limited Liability Corp reported 9,561 shares. Fmr Ltd holds 7.29M shares. State Street reported 0% in Buckle Inc (NYSE:BKE). Parametric Assocs Limited Liability Co accumulated 127,459 shares or 0% of the stock. Wellington Management Gp Llp holds 64,456 shares or 0% of its portfolio. Blackrock Advisors Limited Com reported 102,428 shares. Denali Advsr Limited Liability holds 0% or 122 shares. Wells Fargo & Co Mn reported 940,935 shares. Barrow Hanley Mewhinney & Strauss Ltd Liability Corp reported 198,990 shares or 0.01% of all its holdings. Moreover, Midas Management has 0.14% invested in Buckle Inc (NYSE:BKE) for 12,650 shares. Palisade Mngmt Ltd Limited Liability Company Nj stated it has 472,722 shares. Da Davidson And holds 0% or 2,861 shares.

The stock of Buckle Inc (NYSE:BKE) is a huge mover today! The stock increased 6.42% or $0.95 on September 15, reaching $15.75. About 1.17M shares traded or 93.30% up from the average. Buckle Inc (NYSE:BKE) has declined 25.41% since September 17, 2016 and is downtrending. It has underperformed by 42.11% the S&P500.
The move comes after 8 months positive chart setup for the $769.30 million company. It was reported on Sep, 17 by Barchart.com. We have $16.22 PT which if reached, will make NYSE:BKE worth $23.08 million more.

Wall Street await Buckle Inc (NYSE:BKE) to release earnings on November, 17. Analysts forecast earnings per share of $0.37, down exactly $0.11 or 22.92 % from 2014’s $0.48 EPS. The expected BKE’s profit could reach $18.07 million giving the stock 10.64 P/E in the case that $0.37 earnings per share is reported. After posting $0.24 EPS for the previous quarter, Buckle Inc’s analysts now forecast 54.17 % EPS growth.

Buckle Inc (NYSE:BKE) Ratings Coverage

Among 3 analysts covering Buckle Inc (NYSE:BKE), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Buckle Inc had 13 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Buckle Inc (NYSE:BKE) has “Hold” rating given on Wednesday, March 30 by Standpoint Research. The rating was maintained by Deutsche Bank on Friday, August 18 with “Sell”. The firm earned “Peer Perform” rating on Tuesday, August 18 by Wolfe Research. The firm has “Hold” rating given on Friday, April 7 by Deutsche Bank. Deutsche Bank downgraded the stock to “Sell” rating in Friday, May 19 report. The rating was upgraded by Standpoint Research on Thursday, January 7 to “Buy”. Wolfe Research downgraded Buckle Inc (NYSE:BKE) on Friday, May 6 to “Underperform” rating. On Saturday, August 22 the stock rating was maintained by Brean Capital with “Hold”. The rating was maintained by Sterne Agee CRT on Sunday, August 23 with “Hold”. The firm earned “Sell” rating on Monday, August 24 by Zacks.

More news for Buckle Inc (NYSE:BKE) were recently published by: Seekingalpha.com, which released: “The Good, The Bad, And The Ugly” on September 05, 2017. Nasdaq.com‘s article titled: “Buckle Inc. Aug. Comps. Down 7.9% – Quick Facts” and published on August 31, 2017 is yet another important article.

The Buckle, Inc. is a retailer of casual apparel, footwear and accessories for young men and women. The company has market cap of $769.30 million. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. It has a 8.73 P/E ratio. The Firm markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

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