Recent extremely meaningful positive changes in investment behavior have benefitted The Buckle Inc. (NYSE: BKE): positive upside/downside volume developed, and its longer term price trend turned up.
The Buckle Inc. (NYSE: BKE) has recently enjoyed notable positive changes in fundamentals: 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
BKE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Buckle has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Buckle has a neutral Appreciation Score of 60 but a good Power Rating of 79, with the Positive Value Trend Rating the result.
Recent Price Action
On 12/12/23, The Buckle Inc. (NYSE: BKE) stock declined slightly by -0.6%, closing at $42.30. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 4.8% during the last week.
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