The Buckle Inc. (NYSE: BKE) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted The Buckle Inc. (NYSE: BKE): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, BKE is expected to continue to be a major Value Builder.
Buckle has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Buckle has a neutral Appreciation Score of 56 but a very high Power Rating of 88, producing the Positive Value Trend Rating.
Recent Price Action
The Buckle Inc. (NYSE: BKE) stock closed at $45.89 on 1/3/24 after a decline of -4.6%. Moreover, this decline was accompanied by unusually high trading volume at 156% of normal. The stock has declined -1.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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