The Buckle Inc. (NYSE: BKE) suffers from extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
The Buckle Inc. (NYSE: BKE) has recently experienced meaningful negative changes in fundamentals. Negative developments: the stock’s power rating fell below 50, the consensus estimate for January, 2024 decreased significantly, and the consensus estimate for January, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
BKE’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Buckle has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Buckle has a neutral Power Rating of 46 and a slightly negative Appreciation Score of 33, triggering the Negative Value Trend Rating.
Recent Price Action
The Buckle Inc. (NYSE: BKE) stock closed at $35.51 on 6/14/24 after a modest decline of -1.8%. This decline was accompanied by normal trading volume. The stock has declined -3.7% during the last week and has performed in line with the market over the last nine months.
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