This is why Buckle, Inc. (BKE) Stock is one of the options for the Longer run

Buckle, Inc. [BKE] stock prices are up 1.23% to $44.62 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BKE shares have gain 6.36% over the last week, with a monthly amount glided 6.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Buckle, Inc. [NYSE: BKE] stock has seen the most recent analyst activity on January 05, 2024, when UBS downgraded its rating to a Sell but kept the price target unchanged to $34 for it. Previously, UBS started tracking the stock with Neutral rating on April 10, 2023, and set its price target to $37. On December 14, 2021, Sidoti initiated with a Buy rating and assigned a price target of $60 on the stock. Deutsche Bank downgraded its rating to a Sell and decreased its price target to $16 on March 08, 2019. Deutsche Bank upgraded its rating to a Hold but $19 remained the price target by the analyst firm on November 02, 2018. Deutsche Bank upgraded its rating to Hold for this stock on April 07, 2017, and upped its price target to $16. In a note dated May 09, 2016, Wolfe Research downgraded an Underperform rating on this stock but restated the target price of $23.

The stock price of Buckle, Inc. [BKE] has been fluctuating between $28.58 and $45.51 over the past year. Currently, Wall Street analysts expect the stock to reach $32 within the next 12 months. Buckle, Inc. [NYSE: BKE] shares were valued at $44.62 at the most recent close of the market. An investor can expect a potential drop of -28.28% based on the average BKE price forecast.

Analyzing the BKE fundamentals

The Buckle, Inc. [NYSE:BKE] reported sales of 1.23B for trailing twelve months, representing a drop of -3.43%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.22%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.22, Equity is 0.46 and Total Capital is 0.34. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 44.32 points at the first support level, and at 44.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.04, and for the 2nd resistance point, it is at 45.45.

Ratios To Look Out For

It’s worth pointing out that Buckle, Inc. [NYSE:BKE]’s Current Ratio is 2.28. On the other hand, the Quick Ratio is 1.64, and the Cash Ratio is 1.39. Considering the valuation of this stock, the price to sales ratio is 1.84, the price to book ratio is 4.94 and price to earnings (TTM) ratio is 10.88.

Transactions by insiders

Recent insider trading involved NELSON DENNIS H, President & CEO, that happened on Sep 18 ’24 when 20453.0 shares were sold. President & CEO, NELSON DENNIS H completed a deal on Sep 10 ’24 to sell 20453.0 shares. Meanwhile, SVP Leasing MILKIE BRETT P sold 16000.0 shares on Sep 06 ’24.

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