Finance

Analyzing the Insider Data for The Buckle, Inc. (BKE)

Recent insider trends for The Buckle, Inc. (NYSE:BKE) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of BKE, the data has a lot to say about how the stock might perform going forward.

Institutions own 59.79% of The Buckle, Inc. (BKE)’s shares. The total value of these holdings, in millions, is $651. Among active positions in the latest quarter, 81 holders increased their positions by a total of 2.96 million shares, 67 holders decreased the positions by a total of 2.97 million shares, and 29 holders held their positions. This works out to a net decrease in ownership of 8042 shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 17 holders initiated new positions by a total of 560780 shares and 23 holders exited their positions by a total of 747075 shares. This nets out to a decrease of 186295 shares and is another bearish sign for BKE.

In the last three months, insiders executed a total of 3 trades. 3 were sells. Insider ownership decreased by a total of 7600 shares, which suggests that BKE’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 17 buys and 15 sells, and ownership increased by a net of 155350 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. The Buckle, Inc. (NYSE:BKE)’s short interest is 8.91 million shares, or 32.05% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for BKE. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that BKE is a hold, which implies that BKE is expected to perform in line with the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that The Buckle, Inc. (NYSE:BKE) is fairly valued.

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