Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.26, read 2026-11-03
Ethical does not pass the values gate
Price46.22 USD
Fair value46.00Our model only; only one analyst covers it, too few to cross-check it.
Ethical score70.0/100
Value readFairas of 3 Nov 2026
Our investment reviews on this name
2026-08-23Read Accumulation45.32+2.0% to today ✓Markdown gives way to Accumulation after a 7% rise in 4 weeks
2026-07-23Read Markdown42.47+8.8% to today Distribution gives way to Markdown after a 6% slide in 3 weeks
2026-07-02Read Distribution45.29+2.1% to today First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
The Buckle, Inc. holds its Accumulation at $46.22. The statistical read favours the buyers, held for 86 days.
As held on the ledger · 2026-11-03
Phase
Accumulation
Quantitative state
The statistical read favours the buyers, held for 86 days
Price at the screen
$46.22
Valuation
10.94 trailing · 11.45 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.06
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
38.72%
Below 33%
Interest-bearing debt is 38.7% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
2.49%
Below 33%
Cash held in interest-bearing accounts and securities is 2.5% of assets, under the one-third limit.
Pass
Receivables
26.27%
Below 49%
Money owed to the company is 26.3% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
The Buckle,'s business is in a permissible area, but its interest-bearing debt is about 39% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-04. It updates when the underlying figures move, and past reads are kept below.
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What the Numbers Say It Is Worth
The Fair Value Range
Our model only; only one analyst covers it, too few to cross-check it.
Our analysis reads Fair vs our fair value, as of 3 Nov 2026: it trades above our $46.00 fair value estimate, 4.60% revenue growth.
Fair value range in USD, drawn from the 2026-11-03 screen. The gold marker is the market price at the same screen. The price runs 0.5% above the base estimate.
Reading the gap · Our model and the Street both land near the screened price: fairly valued, with no strong edge either way.
Where our models see it going: fair-value estimate $46.00, with a range of $41.40 to $58.16, dated to the 2026-11-03 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Denim Retail Numbers Look Strong But Trap Looms
Walk past the racks in any Midwest mall and you see the same steady trade in jeans and hoodies that has kept this retailer ticking. The business posts a 17% profit margin and 49% return on equity, with revenue still edging up 6% even in a tough consumer climate. Yet the opportunity rating sits at none, so we pass despite the modest 11% margin of safety to fair value.
The 10.1 times forward earnings multiple looks cheap next to those returns, and the ethical screen clears without issue. One analyst covers the name and sees the same $47 level, but apparel retail rarely stays this profitable when spending patterns shift.
Cyclical value traps often appear exactly this way, with peak margins and a low multiple that flatters the numbers until the next downturn arrives. Currency moves and fashion swings add further pressure that the current price does not fully reflect. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
BKE trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-04Accumulation$46.22-2.7%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 2.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52. Insiders have been net sellers over the past quarter.
2026-10-28Accumulation$47.48+2.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 2.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52. Insiders have been net sellers over the past quarter.
2026-10-21Accumulation$46.57+5.5%Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading overbought. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52.
2026-10-14Accumulation$44.16+8.3%Entry 7
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 8.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52.
2026-10-02Accumulation$40.79-10.0%Entry 6
Our analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 10.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52. Since the last review it its composite score rose.
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 6.7% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52.
2026-07-23Markdown · changed$42.47-6.2%Entry 4
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 6.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52.
2026-07-18Distribution$45.29+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is momentum reading neutral. Over the past year the shares are up 11%. Our forward projection puts the odds of a 10% gain over the next month near 26%. The street (1 analysts) rates it hold, with a mean price target of $52.
2026-07-03Distribution$45.29+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
2026-07-02Distribution$45.29Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows good risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
