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UBS analysts upgrades a Neutral rating for Buckle, Inc (BKE)

Buckle, Inc’s recent filing unveils that its President & CEO NELSON DENNIS H unloaded Company’s shares for reported $0.84 million on Feb 25 ’25. In the deal valued at $40.86 per share,20,453 shares were sold. As a result of this transaction, NELSON DENNIS H now holds 1,678,375 shares worth roughly $65.37 million.

Then, NELSON DENNIS H sold 20,453 shares, generating $888,102 in total proceeds. Upon selling the shares at $43.42, the President & CEO now owns 1,698,828 shares.

Before that, NELSON DENNIS H sold 20,453 shares. Buckle, Inc shares valued at $983,274 were divested by the President & CEO at a price of $48.07 per share. As a result of the transaction, NELSON DENNIS H now holds 1,719,281 shares, worth roughly $66.97 million.

UBS upgraded its Buckle, Inc [BKE] rating to a Neutral from a a Sell in a research note published on November 12, 2024; the price target was increased to $46 from $31. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “a Sell”. UBS began covering BKE with “Neutral” recommendation on April 10, 2023. Sidoti started covering the stock on December 14, 2021. It rated BKE as “a Buy”.

Price Performance Review of BKE

On Monday, Buckle, Inc [NYSE:BKE] saw its stock fall -2.75% to $38.95. Over the last five days, the stock has lost -5.90%. Buckle, Inc shares have fallen nearly -19.44% since the year began. Nevertheless, the stocks have risen 0.42% over the past one year. While a 52-week high of $51.62 was reached on 01/06/25, a 52-week low of $33.18 was recorded on 03/03/25. SMA at 50 days reached $46.97, while 200 days put it at $43.37.

Levels Of Support And Resistance For BKE Stock

The 24-hour chart illustrates a support level at 38.13, which if violated will result in even more drops to 37.31. On the upside, there is a resistance level at 40.03. A further resistance level may holdings at 41.10. The Relative Strength Index (RSI) on the 14-day chart is 25.14, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.82%. Stochastics %K at 10.64% indicates the stock is a buying.

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