November 25, 2016 - By Richard Conner · 0 Comments
The stock of Buckle Incorporated (NYSE:BKE) registered a decrease of 7% in short interest. BKE’s total short interest was 7.99 million shares in November as published by FINRA. Its down 7% from 8.59M shares, reported previously. With 434,700 shares average volume, it will take short sellers 18 days to cover their BKE’s short positions. The short interest to Buckle Incorporated’s float is 28.75%. The stock decreased 0.97% or $0.25 during the last trading session, hitting $25.65. About 187,686 shares traded hands. Buckle Inc (NYSE:BKE) has declined 17.31% since April 22, 2016 and is downtrending. It has underperformed by 22.71% the S&P500.
The Buckle, Inc. is a retailer of casual apparel, footwear and accessories for young men and women. The company has a market cap of $1.25 billion. The Firm markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. It has a 10.63 P/E ratio. The Firm provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program.
Insitutional Activity: The institutional sentiment increased to 1.4 in 2016 Q2. Its up 0.28, from 1.12 in 2016Q1. The ratio improved, as 25 funds sold all Buckle Inc shares owned while 40 reduced positions. 15 funds bought stakes while 58 increased positions. They now own 27.16 million shares or 6.95% less from 29.19 million shares in 2016Q1.
The United Kingdom-based Ahl Prns Llp has invested 0.01% in Buckle Inc (NYSE:BKE). Horizon Kinetics Limited Company has 16,778 shares for 0.01% of their US portfolio. Morgan Stanley holds 0% of its portfolio in Buckle Inc (NYSE:BKE) for 46,798 shares. Metropolitan Life Ins New York holds 0% of its portfolio in Buckle Inc (NYSE:BKE) for 20,417 shares. Renaissance Technologies Limited Liability reported 170,100 shares or 0.01% of all its holdings. California Pub Employees Retirement, a California-based fund reported 89,100 shares. Citigroup accumulated 22,704 shares or 0% of the stock. Blackrock Ltd Llc has 13,384 shares for 0% of their US portfolio. Pacad Inv Limited holds 0.01% of its portfolio in Buckle Inc (NYSE:BKE) for 2,900 shares. Blackrock Ltd has invested 0% of its portfolio in Buckle Inc (NYSE:BKE). Hays Advisory Ltd last reported 0.46% of its portfolio in the stock. Hsbc Holdg Public Ltd Liability Co has 8,585 shares for 0% of their US portfolio. Hamlin Cap Limited Liability Com holds 2.18% or 1.74M shares in its portfolio. Gotham Asset Mngmt Ltd owns 358,405 shares or 0.11% of their US portfolio. Fmr Ltd Limited Liability Company owns 7.27M shares or 0.03% of their US portfolio.
Insider Transactions: Since July 13, 2016, the stock had 0 insider buys, and 2 sales for $247,975 net activity. $106,852 worth of Buckle Inc (NYSE:BKE) was sold by MOLCZYK KELLI D on Wednesday, July 13. On Tuesday, July 19 the insider HANSON KYLE sold $141,123.
Out of 2 analysts covering Buckle Inc (NYSE:BKE), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Buckle Inc has been the topic of 10 analyst reports since August 18, 2015 according to StockzIntelligence Inc. Standpoint Research upgraded the stock to “Buy” rating in Thursday, January 7 report. The stock has “Peer Perform” rating given by Wolfe Research on Tuesday, August 18. Standpoint Research downgraded the shares of BKE in a report on Wednesday, March 30 to “Hold” rating. Zacks upgraded Buckle Inc (NYSE:BKE) on Monday, August 24 to “Sell” rating. As per Sunday, August 23, the company rating was maintained by Sterne Agee CRT. Brean Capital maintained the stock with “Hold” rating in Saturday, August 22 report. Wolfe Research downgraded the shares of BKE in a report on Friday, May 6 to “Underperform” rating.
The Buckle, Inc., incorporated on August 30, 1948, is a retailer of casual apparel, footwear and accessories for young men and women. The Firm markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear. The Firm provides customer services, such as free hemming, free gift-wrapping, easy layaways, the Buckle private label credit card, and a frequent shopper program. The Firm offers denims from brands, such as Miss Me, Rock Revival, Big Star Vintage, Buffalo Jeans, KanCan, and Flying Monkey. The Company’s other brands include Hurley, Billabong, Affliction, American Fighter, Sinful, Oakley, Fox, Society, Obey, Roar, RVCA, Salvage, 7 Diamonds, Nixon, Under Armour, Bench, O’Neill, Young & Reckless, Amuse Society, Corral, Reef and Fossil.
More news for Buckle Inc (NYSE:BKE) were recently published by: Fool.com, which released: “Why Buckle Inc.’s Stock Fell 15% in May” on June 09, 2016. Businesswire.com‘s article titled: “The Buckle, Inc. Reports August 2016 Net Sales” and published on September 01, 2016 is yet another important article.
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By Richard Conner