Banking

Buckle Stock Joins Elite Group With 95-Plus Composite Rating

Buckle (BKE) saw its IBD SmartSelect Composite Rating jump to 96 Wednesday, up from 94 the day before.




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The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Buckle stock is not currently near a proper entry. See if the stock goes on to form a new chart pattern and offer a new buying opportunity.


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Buckle Stock Weaknesses

But Buckle stock is not without its weak points. One is the company’s 77 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.

Another is its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.

In Q2, the company reported 46% earnings-per-share growth. Sales growth came in at 37%, down from 159% in the previous quarter.

Buckle stock holds the No. 6 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn (BOOT), Lululemon Athletica (LULU) and Shoe Carnival (SCVL) are among the top 5 highly-rated stocks within the group.

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