Could The Buckle, Inc. (BKE) Change Direction After Achieving 52-Week High?

June 12, 2018 - By Darrin Black

The Buckle, Inc. (NYSE:BKE) Logo

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.01, from 1.21 in 2017Q4. It turned negative, as 22 investors sold The Buckle, Inc. shares while 49 reduced holdings. 31 funds opened positions while 54 raised stakes. 32.00 million shares or 2.24% more from 31.31 million shares in 2017Q4 were reported.
Sprucegrove Inv Mngmt invested 0.69% of its portfolio in The Buckle, Inc. (NYSE:BKE). Credit Suisse Ag holds 0% or 35,044 shares in its portfolio. Sprott accumulated 296,500 shares or 1.36% of the stock. Ancora Advisors Limited holds 163,186 shares or 0.16% of its portfolio. Sg Americas Securities, New York-based fund reported 40,735 shares. Adams Asset Advsr Limited Co accumulated 42,141 shares. Stone Ridge Asset Ltd Liability Corp has 0.04% invested in The Buckle, Inc. (NYSE:BKE) for 33,213 shares. Morgan Stanley reported 275,696 shares. Numerixs Inv Technologies has invested 0.01% in The Buckle, Inc. (NYSE:BKE). Millennium Ltd Company holds 0.01% of its portfolio in The Buckle, Inc. (NYSE:BKE) for 237,157 shares. Hanseatic Incorporated holds 0% or 52 shares. Creative Planning invested in 10,432 shares or 0% of the stock. Blackrock holds 3.64M shares. Victory Capital Mngmt has 1.13M shares. Goldman Sachs Grp Inc has invested 0% in The Buckle, Inc. (NYSE:BKE).

Since January 19, 2018, it had 0 insider purchases, and 6 insider sales for $252,193 activity. On Friday, April 13 CAMPBELL ROBERT ERLE sold $45,400 worth of The Buckle, Inc. (NYSE:BKE) or 2,000 shares. APPLEGATE DIANE L sold 1,200 shares worth $25,003.

The stock of The Buckle, Inc. (NYSE:BKE) hit a new 52-week high and has $30.26 target or 6.00 % above today’s $28.55 share price. The 8 months bullish chart indicates low risk for the $1.38B company. The 1-year high was reported on Jun, 12 by Barchart.com. If the $30.26 price target is reached, the company will be worth $82.92M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.78% or $0.5 during the last trading session, reaching $28.55. About 161,390 shares traded. The Buckle, Inc. (NYSE:BKE) has risen 62.61% since June 12, 2017 and is uptrending. It has outperformed by 50.04% the S&P500.

Analysts await The Buckle, Inc. (NYSE:BKE) to report earnings on August, 16. They expect $0.25 earnings per share, up 4.17 % or $0.01 from last year’s $0.24 per share. BKE’s profit will be $12.10 million for 28.55 P/E if the $0.25 EPS becomes a reality. After $0.38 actual earnings per share reported by The Buckle, Inc. for the previous quarter, Wall Street now forecasts -34.21 % negative EPS growth.

More news for The Buckle, Inc. (NYSE:BKE) were recently published by: Seekingalpha.com, which released: “The Buckle, Inc. (BKE) CEO Dennis Nelson on Q1 2018 Results – Earnings Call Transcript” on May 25, 2018. Seekingalpha.com‘s article titled: “Buckle: Slowing Trends” and published on May 19, 2018 is yet another important article.

The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. The company has market cap of $1.38 billion. The firm markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear. It has a 15.43 P/E ratio. It operates stores under the Buckle and The Buckle names.

The Buckle, Inc. (NYSE:BKE) Institutional Positions Chart

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