Charles Schwab Investment Managem recently announced the acquisition of new stake in Buckle, Inc. (NYSE:BKE). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.02% to 0.92 million shares with purchase of 35543.0 shares. This fresh investment now brings its stake to 1.82% valued currently at $43.71 million. In addition, Pacer Advisors, Inc. raised its holdings by 0.23 million to 0.86 million shares. And Palisade Capital Management LP has lifted its position by 1.45% or 9660.0 shares – to 0.68 million shares.
With over 0.48 million Buckle, Inc. (BKE) shares trading Friday and a closing price of $39.67 on the day, the dollar volume was approximately $19.2 million. The shares have shown a positive half year performance of 23.79% and its price on 01/12/24 lost nearly -0.55%. Currently, there are 50.09M common shares owned by the public and among those 30.93M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $34.00 and a low of $34.00. The average price target is -16.68% below its recent price level and a downside to the estimated low will see the stock lose -16.68% over that period. But a downside of -16.68% will see the stock hit the forecast high price target while median target price for the stock is $34.00.
Insiders at the company have transacted a total of 25 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 19 of these insider trades were purchases, accounting for 470,565 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 346,315 shares.
The top 3 mutual fund holders in Buckle, Inc. are iShares Core S&P Small Cap ETF, Pacer Fds. Tr. – US Small Cap Cas, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 1.99 million shares of the company’s stock, all valued at over $94.66 million. The company sold 9785.0 shares recently to bring their total holdings to about 3.95% of the shares outstanding. Pacer Fds. Tr. – US Small Cap Cas bought 4932.0 shares to see its total holdings expand to 1.17 million shares valued at over $55.74 million and representing 2.33% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 1.85% of the shares outstanding.
Shares of Buckle, Inc. (NYSE: BKE) opened at $40.04, up $0.15 from a prior closing price of $39.89. However, the script later moved the day high at 40.58, down -0.55%. The company’s stock has a 5-day price change of -6.35% and 26.20% over the past three months. BKE shares are trading -11.46% year to date (YTD), with the 12-month market performance down to -10.65% lower. It has a 12-month low price of $28.45 and touched a high of $45.40 over the same period. BKE has an average intraday trading volume of 449.20K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.60%, 3.36%, and 17.32% respectively.
Institutional ownership of Buckle, Inc. (NYSE: BKE) shares accounts for 54.36% of the company’s 50.09M shares outstanding. Mutual fund holders own 36.77%, while other institutional holders and individual stakeholders account for 40.02% and 18.71% respectively.
It has a market capitalization of $2.00B and a beta (3y monthly) value of 1.23. The stock’s trailing 12-month PE ratio is 8.67, while the earnings-per-share (ttm) stands at $4.57. The company has a PEG of 1.08 and a Quick Ratio of 1.65 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.19% over the week and 2.65% over the month.
Analysts forecast that Buckle, Inc. (BKE) will achieve an EPS of $1.44 for the current quarter, $0.77 for the next quarter and $3.9 for 2025. The lowest estimate earnings-per-share for the quarter is $1.44 while analysts give the company a high EPS estimate of $1.44. Comparatively, EPS for the current quarter was $1.76 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.14%, and -6.29% over the next financial year. EPS should shrink at an annualized rate of 8.00% over the next five years, compared to 22.63% over the past 5-year period.
Looking at the support for the BKE, a number of firms have released research notes about the stock. UBS stated their Sell rating for the stock in a research note on January 05, 2024, with the firm’s price target at $34.
