Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.01 million following the completion of this transaction.
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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 28.05% 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 Stock Performance
On Wednesday, The Buckle Inc. [NYSE: BKE] plunged -2.02% to $43.17. The stock’s lowest price that day was $42.89, but it reached a high of $44.20 in the same session. During the last five days, there has been a surge of approximately 10.75%. Over the course of the year, The Buckle Inc. shares have jumped approximately 2.03%. Shares of the company reached a 52-week high of $44.20 on 11/23/22 and a 52-week low of $26.50 on 07/14/22. A 50-day SMA is recorded $36.41, while a 200-day SMA reached $33.49. Nevertheless, trading volume fell to 0.32 million shares from 0.45 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 42.64, which, if violated, would cause prices to drop to 42.11. In the upper region, resistance lies at 43.95. The next price resistance is at 44.73. RSI (Relative Strength Index) is 68.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.77, which suggests the price will increase in the coming days. Percent R is at 16.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is The Buckle Inc. subject to short interest?
Stocks of The Buckle Inc. saw a sharp steep in short interest on Oct 13, 2022 dropping by -0.31 million shares to 2.86 million. Data from Yahoo Finance shows that the short interest on Sep 14, 2022 was 3.17 million shares. A decline of -10.84% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 7.54 of the overall float, the days-to-cover ratio (short ratio) decline to 7.54.
Which companies own the most shares of The Buckle Inc. (BKE)?
According to The Vanguard Group, Inc. filings, the company currently owns 4,498,717 shares, which is about 8.98% of the total BKE shares outstanding. The investor’s shares have appreciated by 198,351 from its previous 13-F filing of 4300366.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $168,594,928. Dimensional Fund Advisors LP reduced a -0.79% interest valued at $44.32 million while SSgA Funds Management, Inc. sold a -38,914 stake. A total of -479,700 shares of The Buckle Inc. were sold by Renaissance Technologies LLC during the quarter, and 59,995 were bought by Charles Schwab Investment Managem. In its current portfolio, Palisade Capital Management LLC holds 631,826 shares valued at $24.85 million.
In terms of The Buckle Inc. share price expectations, FactSet research, analysts set an average price target of $60.00 in the next 12 months, up nearly 36.18% from the previous closing price of $44.06. Analysts anticipate The Buckle Inc. stock to reach $60.00 by 2022, with the lowest price target being $60.00. 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.