Growing Through Challenges? – The Buckle Inc. (BKE)

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    Fidelity Management & Research Co. recently announced the acquisition of new stake in The Buckle Inc. (NYSE:BKE). The institutional investor has increased its shareholding in the Consumer Cyclical company by 3.46% to 6.95 million shares with purchase of 0.23 million shares. This fresh investment now brings its stake to 14.07% valued currently at $111.42 million. In addition, BlackRock Fund Advisors raised its holdings by 0.12 million to 4.06 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.91% or 10184.0 shares – to 1.13 million shares.

    With over 1.43 million The Buckle Inc. (BKE) shares trading Monday and a closing price of $18.10 on the day, the dollar volume was approximately $25.9 million. The shares have shown a positive weekly performance of 1.86% and its price on 08/24/20 lost nearly -6.94%. Currently, there are 48.73M common shares owned by the public and among those 28.88M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for BKE have a consensus price objective of $14.00. The analysts have set the share’s price value over the next 12 months at a high of $14.00 and a low of $14.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Buckle Inc. stock is 3.00 for the next 12 months. The average price target is -29.29% below its last price level and a downside to the estimated low will see the stock lose -29.29% over that period. But an upside of -29.29% will see the stock hit the forecast high price target while mean target price for the stock is $14.00.

    Insiders at the company have transacted a total of 34 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 264,450 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 136,530 shares.

    The top 3 mutual fund holders in The Buckle Inc. are Fidelity Low Priced Stock Fund, iShares Core S&P Small Cap ETF, and Vanguard Total Stock Market Index. Fidelity Low Priced Stock Fund owns 4.47 million shares of the company’s stock, all valued at over $71.66 million. The company bought an additional 49669.0 shares recently to bring their total holdings to about 9.05% of the shares outstanding. iShares Core S&P Small Cap ETF bought 6384.0 shares to see its total holdings expand to 1.78 million shares valued at over $28.56 million and representing 3.61% of the shares outstanding. Vanguard Total Stock Market Index now owns shares totaling to 1.62% of the shares outstanding.

    Shares of The Buckle Inc. (NYSE: BKE) opened at $19.40, down -$0.05 from a prior closing price of $19.45. However, the script later closed the day at $18.10, down -6.94%. The company’s stock has a 5-day price change of 1.86% and 21.64% over the past three months. BKE shares are trading -29.76% year to date (YTD), with the 12-month market performance up to 5.40% higher. It has a 12-month low price of $11.76 and touched a high of $27.18 over the same period. Currently, 1.43 million shares have been traded, compared to an average intraday trading volume of 666.61K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.10%, 11.00%, and -6.66% respectively.

    Institutional ownership of The Buckle Inc. (NYSE: BKE) shares accounts for 67.40% of the company’s 48.73M shares outstanding. Mutual fund holders own 38.78%, while other institutional holders and individual stakeholders account for 42.22% and 27.10% respectively.

    It has a market capitalization of $752.60M and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 11.41, while the earnings-per-share (ttm) stands at $1.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.96% over the week and 5.24% over the month.

    Analysts forecast that The Buckle Inc. (BKE) will achieve an EPS of $0.46 for the current quarter, $0.9 for the next quarter and $2 for 2022. The lowest estimate earnings-per-share for the quarter is $0.4 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.53 a year ago. Earnings per share for the fiscal year are expected to increase by 8.80%, and 70.21% over the next financial year. EPS should shrink at an annualized rate of -8.88% over the next five years, compared to -8.70% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate The Buckle Inc. (BKE) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the BKE, a number of firms have released research notes about the stock. Deutsche Bank stated their Sell rating for the stock in a research note on March 08, 2019, with the firm’s price target at $19-$16. Deutsche Bank coverage for the The Buckle Inc. (BKE) stock in a research note released on November 02, 2018 offered a Hold rating with a price target of $19. Deutsche Bank was of a view on April 07, 2017 that the stock is Hold, while Wolfe Research gave the stock Underperform rating on May 09, 2016, issuing a price target of $23. Standpoint Research on their part issued Hold rating on March 30, 2016.

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