The stock of Buckle Inc (NYSE:BKE) hit a new 52-week low and has $18.86 target or 8.00% below today’s $20.50 share price. The 8 months bearish chart indicates high risk for the $960.92M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $18.86 price target is reached, the company will be worth $76.87M 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 289,894 shares traded hands. Buckle Inc (NYSE:BKE) has declined 40.66% since March 31, 2016 and is downtrending. It has underperformed by 43.18% 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. Buckle Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The stock of Buckle Inc (NYSE:BKE) earned “Hold” rating by Standpoint Research on Wednesday, March 30. The company was downgraded on Friday, May 6 by Wolfe Research. The stock of Buckle Inc (NYSE:BKE) earned “Sell” rating by Zacks on Monday, August 24. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, August 18. On Thursday, January 7 the stock rating was upgraded by Standpoint Research to “Buy”. On Sunday, August 23 the stock rating was maintained by Sterne Agee CRT with “Hold”. The rating was maintained by Brean Capital on Saturday, August 22 with “Hold”.
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 turned 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.
Denali Advsr last reported 0% of its portfolio in the stock. The Switzerland-based Swiss State Bank has invested 0% in Buckle Inc (NYSE:BKE). Stadium Cap Ltd Limited Liability Company, a Connecticut-based fund reported 596,465 shares. Livingston Gp Incorporated Asset Mgmt Com (Operating As Southport Cap Management) owns 100 shares or 0% of their US portfolio. New York State Teachers Retirement Sys, a New York-based fund reported 49,701 shares. Advsrs Asset Mngmt last reported 731,108 shares in the company. Jpmorgan Chase And Communication holds 9 shares or 0% of its portfolio. Oppenheimer Com owns 12,350 shares or 0.01% of their US portfolio. Hsbc Public Ltd Company owns 8,585 shares or 0% of their US portfolio. Price T Rowe Md has 52,632 shares for 0% of their US portfolio. Pnc Fincl Services Grp Inc holds 0% or 12,337 shares in its portfolio. Moreover, Loomis Sayles & Ltd Partnership has 0% invested in Buckle Inc (NYSE:BKE) for 352 shares. Cantab Capital Prtn Ltd Liability Partnership last reported 0% of its portfolio in the stock. Guggenheim Cap Ltd Liability Com has invested 0.01% of its portfolio in Buckle Inc (NYSE:BKE). Metropolitan Life Insurance Ny reported 20,417 shares or 0% of all its holdings.
Insider Transactions: Since May 17, 2016, the stock had 1 buying transaction, and 2 selling transactions for $243,269 net activity. HANSON KYLE sold $141,123 worth of stock or 5,400 shares. $106,852 worth of Buckle Inc (NYSE:BKE) shares were sold by MOLCZYK KELLI D. FAIRFIELD BILL L bought $4,706 worth of stock.
Another recent and important Buckle Inc (NYSE:BKE) news was published by Fool.com which published an article titled: “Why Buckle Inc.’s Stock Fell 15% in May” on June 09, 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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