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

May 16, 2018 - By Lisa Tanner

The Buckle, Inc. (NYSE:BKE) Logo

Investors sentiment decreased to 1.21 in Q4 2017. Its down 0.13, from 1.34 in 2017Q3. It fall, as 15 investors sold The Buckle, Inc. shares while 51 reduced holdings. 41 funds opened positions while 39 raised stakes. 31.31 million shares or 8.47% more from 28.86 million shares in 2017Q3 were reported.
Quinn Opportunity Prtnrs stated it has 18,733 shares. Sprucegrove Invest reported 0.57% of its portfolio in The Buckle, Inc. (NYSE:BKE). Employees Retirement Systems Of Ohio holds 0% or 9,655 shares in its portfolio. Vantage Invest Advsr Limited Liability Company holds 0% of its portfolio in The Buckle, Inc. (NYSE:BKE) for 337 shares. Pnc Financial Grp Inc has 317 shares. Aqr Ltd Liability Co holds 0% or 36,480 shares. Texas Permanent School Fund reported 19,152 shares. Prudential Finance, a New Jersey-based fund reported 420,454 shares. First Advsrs L P holds 0.01% of its portfolio in The Buckle, Inc. (NYSE:BKE) for 135,924 shares. Koch Industries reported 0.05% in The Buckle, Inc. (NYSE:BKE). 17,862 were reported by Horizon Kinetics Limited Com. Schwab Charles Invest reported 0.01% in The Buckle, Inc. (NYSE:BKE). Peak6 Lp holds 0% of its portfolio in The Buckle, Inc. (NYSE:BKE) for 2,178 shares. Sterling Cap Mgmt Lc invested 0.01% in The Buckle, Inc. (NYSE:BKE). Groesbeck Mngmt Nj accumulated 65,000 shares or 1.08% of the stock.

Since January 19, 2018, it had 0 insider buys, and 5 insider sales for $201,993 activity. HANSON KYLE sold 2,447 shares worth $51,387. $45,400 worth of The Buckle, Inc. (NYSE:BKE) was sold by CAMPBELL ROBERT ERLE on Friday, April 13.

The stock of The Buckle, Inc. (NYSE:BKE) hit a new 52-week high and has $27.45 target or 7.00 % above today’s $25.65 share price. The 6 months bullish chart indicates low risk for the $1.24B company. The 1-year high was reported on May, 16 by Barchart.com. If the $27.45 price target is reached, the company will be worth $86.94 million 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 2.60% or $0.65 during the last trading session, reaching $25.65. About 94,739 shares traded. The Buckle, Inc. (NYSE:BKE) has risen 28.63% since May 16, 2017 and is uptrending. It has outperformed by 17.08% the S&P500.

Analysts await The Buckle, Inc. (NYSE:BKE) to report earnings on May, 25 before the open. They expect $0.35 EPS, up 2.94 % or $0.01 from last year’s $0.34 per share. BKE’s profit will be $16.95M for 18.32 P/E if the $0.35 EPS becomes a reality. After $0.87 actual EPS reported by The Buckle, Inc. for the previous quarter, Wall Street now forecasts -59.77 % negative EPS growth.

Another recent and important The Buckle, Inc. (NYSE:BKE) news was published by Businesswire.com which published an article titled: “The Buckle, Inc. Reports April 2018 Net Sales” on May 10, 2018.

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 $1.24 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 13.86 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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