Buckle, Inc. (NYSE: BKE) has a higher price-to-earnings ratio of 10.22x compared to its average ratio, The 36-month beta value for BKE is at 1.13. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for BKE is 30.63M, and currently, shorts hold a 9.99% of that float. The average trading volume for BKE on September 02, 2024 was 390.67K shares.
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BKE) stock’s latest price update
The stock of Buckle, Inc. (NYSE: BKE) has increased by 0.17 when compared to last closing price of 41.83.Despite this, the company has seen a loss of -4.12% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-23 that The Buckle, Inc. stock is trading near 52-week highs, showing resilience in a tough retail environment. Q2 2024 results showed a beat on revenue but a miss on earnings, with declining comparable store sales and digital sales. Despite attractive valuation and strong cash position, declining earnings and sales make The Buckle a hold rather than a buy or sell.
BKE’s Market Performance
BKE’s stock has fallen by -4.12% in the past week, with a monthly rise of 2.22% and a quarterly rise of 8.72%. The volatility ratio for the week is 2.70% while the volatility levels for the last 30 days are 3.12% for Buckle, Inc. The simple moving average for the last 20 days is 1.05% for BKE’s stock, with a simple moving average of 8.06% for the last 200 days.
Analysts’ Opinion of BKE
Many brokerage firms have already submitted their reports for BKE stocks, with UBS repeating the rating for BKE by listing it as a “Sell.” The predicted price for BKE in the upcoming period, according to UBS is $34 based on the research report published on January 05, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see BKE reach a price target of $37. The rating they have provided for BKE stocks is “Neutral” according to the report published on April 10th, 2023.
Sidoti gave a rating of “Buy” to BKE, setting the target price at $60 in the report published on December 14th of the previous year.
BKE Trading at 5.56% from the 50-Day Moving Average
After a stumble in the market that brought BKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.85% of loss for the given period.
Volatility was left at 3.12%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +6.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.60% upper at present.
During the last 5 trading sessions, BKE fell by -4.12%, which changed the moving average for the period of 200-days by +25.19% in comparison to the 20-day moving average, which settled at $41.60. In addition, Buckle, Inc. saw -6.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BKE starting from NELSON DENNIS H, who sale 24,666 shares at the price of $42.44 back on Aug 27 ’24. After this action, NELSON DENNIS H now owns 1,924,811 shares of Buckle, Inc., valued at $1,046,771 using the latest closing price.
NELSON DENNIS H, the President & CEO of Buckle, Inc., sale 15,340 shares at $37.80 during a trade that took place back on Aug 05 ’24, which means that NELSON DENNIS H is holding 1,950,377 shares at $579,870 based on the most recent closing price.
Stock Fundamentals for BKE
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.49 for the gross margin
The net margin for Buckle, Inc. stands at 0.17. The total capital return value is set at 0.34. Equity return is now at value 45.90, with 22.80 for asset returns.
Based on Buckle, Inc. (BKE), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 3.16. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 80.03.
Currently, EBITDA for the company is 291.89 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.76. The receivables turnover for the company is 159.87for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.28.
Conclusion
In conclusion, Buckle, Inc. (BKE) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
