Buckle, Inc (NYSE:BKE) price on Friday, February 28, rose 2.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $40.05.
A look at the stock’s price movement, the close in the last trading session was $39.17. The PE ratio in trailing twelve months stood at 10.16. Turning to its 52-week performance, $51.62 and $33.18 were the 52-week high and 52-week low respectively. Overall, BKE moved -16.30% over the past month.
Buckle, Inc’s market cap currently stands at around $2.03 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.35, with its dividend yield at 3.37%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 378.96M for the company’s revenue for the quarter, with a low and high estimate of 378.96M and 378.96M respectively. The average forecast suggests down to a -0.89% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.22B, representing a -3.46% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BKE is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend BKE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BKE’s current price about -7.09% and -13.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 28.52, while 7-day volatility ratio is 2.94% and 2.54% in the 30-day chart. Further, Buckle, Inc (BKE) has a beta value of 1.18, and an average true range (ATR) of 1.20. Analysts have given the company’s stock an average 52-week price target of $46, forecast between a low of $46 and high of $46. Looking at the price targets, the low is -14.86% off current price level while to achieve the yearly target high, price needs to move -14.86%. Nonetheless, investors will most likely welcome a -14.86% jump to $46 which is the analysts’ median price.
If we refocus on Buckle, Inc (NYSE:BKE), historical trading data shows that trading volumes averaged 481.82K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.77 million shares.
The 39.52% of Buckle, Inc’s shares are in the hands of company insiders while institutional holders own 61.58% of the company’s shares. Current price change has pushed the stock -17.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BKE stock continues to rise going into the next quarter.
