Royce’s Jay Kaplan on Three Retail Stocks With Value

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The Street: Jay Kaplan on Three Retail Stocks by Royce Funds

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“It’s got all of the hallmarks we like at Royce Dividend Value Fund Service Class (MUTF:RYDVX) – great balance sheet, great cash flow, high returns on capital,” said Portfolio Manager and Principal Jay Kaplan about The Buckle, Inc. (NYSE:BKE), one of three retail names he discussed with Gregg Greenberg of The Street in his July 23, 2014 interview.

The other stocks Jay talked about were video game retailer GameStop Corp. (NYSE:GME) and shoe maker Steven Madden, Ltd. (NASDAQ:SHOO).

“There’s no real fashion hook in footwear right now,” said Jay about Steve Madden. “But nevertheless they’re taking market share at all the department stores… When there’s fashion again they’ll be all over it,” Jay added.

Jay Kaplan has 26 years of investment experience. In addition to Royce Dividend Value Fund—which invests in small-cap and mid-cap dividend-paying stocks up to $5 billion using a broadly diversified portfolio, disciplined value approach—Jay manages Royce Total Return Fund (with Chuck Royce), Royce Value Fund, and Royce Capital Fund – Small-Cap Portfolio. He also serves as the assistant portfolio manager—along with Lauren Romeo—of Royce Pennsylvania Mutual Fund.

About the Author

Royce Funds
For more than 40 years, Royce & Associates, investment adviser to The Royce Funds, has used a disciplined, value-oriented approach to select micro-cap and small-cap companies.