The Buckle, Inc. (BKE) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

June 12, 2018 - By Marguerite Chambers

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 worsened, 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.
Vanguard Grp has invested 0% of its portfolio in The Buckle, Inc. (NYSE:BKE). Gotham Asset Mgmt Ltd Liability Corp holds 0.02% or 75,191 shares in its portfolio. Principal Finance Grp Inc Inc invested 0% of its portfolio in The Buckle, Inc. (NYSE:BKE). State Of Alaska Department Of Revenue owns 0% invested in The Buckle, Inc. (NYSE:BKE) for 9,114 shares. Schwab Charles Management accumulated 518,761 shares. The California-based Wells Fargo Mn has invested 0% in The Buckle, Inc. (NYSE:BKE). Amp Capital Limited holds 0.01% of its portfolio in The Buckle, Inc. (NYSE:BKE) for 46,200 shares. First Tru Lp stated it has 94,842 shares or 0% of all its holdings. Laurion Limited Partnership reported 16,300 shares. Farmers & Merchants Investments holds 0% or 412 shares. Walleye Trading Llc stated it has 2,278 shares or 0% of all its holdings. Balyasny Asset Ltd Limited Liability Company stated it has 0% of its portfolio in The Buckle, Inc. (NYSE:BKE). Koch holds 20,112 shares or 0.05% of its portfolio. Hotchkis & Wiley Cap Limited Liability stated it has 42,374 shares or 0% of all its holdings. Sg Americas Secs Lc invested 0.01% in The Buckle, Inc. (NYSE:BKE).

Since January 19, 2018, it had 0 buys, and 6 insider sales for $252,193 activity. Another trade for 2,000 shares valued at $50,200 was sold by CAMPBELL ROBERT ERLE. Shares for $25,003 were sold by APPLEGATE DIANE L.

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 EPS, 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 EPS 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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