The Buckle, Inc. (BKE) Price Action Raises Questions

The stock of The Buckle, Inc. (NYSE:BKE) has been Downgraded to Sell from Hold by Deutsche Bank in its latest research note that was published on March 08. BKE was given a price target of $16 by Deutsche Bank, with other Wall Street analysts also giving their reports regarding the stock. Deutsche Bank analysts bumped their recommendation on BKE stock from Sell to Hold in a separate flash note to investors on November 02. Analysts at Deutsche Bank issued an upgrade fromSell to Hold for the stock, in a research note that dated back to April 07.

The Buckle, Inc., which has current market capitalization of above $1 Billion, published its last quarter earnings on April 30, 2019.

BKE surged by $0.93 during the normal trading session on Thursday and reaching a high of $21.99 during the day while it closed the day at $21.35. The The stock had a low trading volume of 1.21 million shares on that day, which is low compared to the average daily volume of 667.65M shares. BKE has also gained 8.82% of its value over the past 7 days. However, the stock has surged by 28.38% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.09% while it has added 16.07% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -2.91% from its 3 months high price. However, taking another look at BKE will indicate that it is trading +31.71% away from its 90-day low. Looking at the bigger picture, the The Buckle, Inc. stock has dropped by -11.04% from its 52-week high while it has surged by +44.16% from its 52-week low price.

On May 29, 2019 FAIRFIELD BILL L, Director bought 200 shares of the company. The average price for that transaction was $15.32 per share, which meant that FAIRFIELD BILL L spent $3064 purchasing the stocks. The purchase was made public, with the document of the transaction filed with the SEC. Another insider trading occurred, with Director, CAMPBELL ROBERT ERLE selling 2000 shares of this stock on April 18, 2019. The average selling price for the stock was $19 per share, with the sold stock accruing $38000. Following this transaction, the Director CAMPBELL ROBERT ERLE now holds 30464 shares of the company, which is worth around $641571.8.

The has around 178 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $167 Billion. The The stock is bringing in revenue of over 12 months, which is roughly 204 Billion. Despite all that, The Buckle, Inc. is seeing things progressing very much as their y-o-y quarterly revenue surged by 1.36%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 88.28%. This figure is better than the company’s 20-day Raw Stochastic average which currently stands at 87.55%. Over the past 20 days, The’s Stochastic %K stood at 93.72% while its Stochastic %D was revealed to be 95%.