Sunday, June 26, 2022

Director FAIRFIELD BILL L bought 200 shares of The Buckle Inc. [BKE]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. The Buckle Inc. shares valued at $5,776 were purchased by FAIRFIELD BILL L on Jun 16. At $28.88 per share, FAIRFIELD BILL L acquired 200 shares. The insider’s holdings grew to 46,508 shares worth approximately $1.35 million following the completion of this transaction.

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Also, MILKIE BRETT P sold 10,000 shares, netting a total of over 511,280 in proceeds. Following the sale of shares at $51.13 each, the insider now holds 66,620 shares.

Before that, NELSON DENNIS H had sold 15,000 shares from its account. In a trade valued at $660,021, the PRESIDENT & CEO traded The Buckle Inc. shares for $44.00 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $58.25 million.

As published in their initiating research note from Sidoti on December 14, 2021, The Buckle Inc. [BKE] has been a Buy and the price target has been revised to $60. This represents a 51.68% premium over Wednesday’s closing price. Analysts at Deutsche Bank downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in early March. As of November 02, 2018, Deutsche Bank has increased its “Sell” rating to a “Hold” for BKE. Earlier on April 07, 2017, Deutsche Bank upgraded its rating. Their new recommendation was “a Hold” for BKE stock which previously was a “a Sell”.

Analyzing BKE’s Price Performance

On Wednesday, The Buckle Inc. [NYSE: BKE] plunged -1.63% to $28.99. The stock’s lowest price that day was $28.77, but it reached a high of $29.72 in the same session. During the last five days, there has been a drop of approximately -3.53%. Over the course of the year, The Buckle Inc. shares have dropped approximately -31.48%. Shares of the company reached a 52-week high of $43.00 on 01/03/22 and a 52-week low of $26.56 on 05/24/22. A 50-day SMA is recorded $31.49, while a 200-day SMA reached $38.52. Nevertheless, trading volume fell to 0.34 million shares from 0.33 million shares the previous day.

Support And Resistance Levels for The Buckle Inc. (BKE)

According to the 24-hour chart, there is a support level at 28.60, which, if violated, would cause prices to drop to 28.21. In the upper region, resistance lies at 29.55. The next price resistance is at 30.11. RSI (Relative Strength Index) is 38.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.52, which suggests the price will decrease in the coming days. Percent R is at 90.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is The Buckle Inc. subject to short interest?

Stocks of The Buckle Inc. saw a sharp rise in short interest on Apr 28, 2022 jumping by 0.64 million shares to 4.96 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 4.32 million shares. A jump of 12.9% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.63 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.63.

Which companies own the most shares of The Buckle Inc. (BKE)?

According to BlackRock Fund Advisors filings, the company currently owns 4,248,728 shares, which is about 8.48% of the total BKE shares outstanding. The investor’s shares have plunged by -44,813 from its previous 13-F filing of 4293541.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $125,308,357. Dimensional Fund Advisors LP acquire a 7.63% interest valued at $35.31 million while SSgA Funds Management, Inc. sold a -56,060 stake. A total of 655,866 shares of The Buckle Inc. were sold by Renaissance Technologies LLC during the quarter, and -1,921,124 were sold by Fidelity Management & Research Co. In its current portfolio, Capital Growth Management LP holds 890,000 shares valued at $29.25 million.

In spite of this, 2 analysts ranked The Buckle Inc. stock as a Hold at the end of 2022. On May 09, 2016, Wolfe Research assigned a price target of “an Underperform” to the stock and downgraded coverage with a $23.

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