the end of the week. Chuck Royce has owned the stock since 2001 and eight of his funds hold 14.5% of the outstanding shares, second only to Chairman Dan Hirschfeld, who owns 36%.
Here are three small-cap stocks with large short interest. What differentiates them is that they're rated "buy" at TheStreet. Such shares can be volatile. If positive news causes the stock to gain, a so-called squeeze could result, pushing up prices. Either way, these stocks are at an inflection point. With earnings reports looming, they're about to make big moves.
The Buckle(BKE) is a retailer of mid- to high-end jeans and accessories. It's scheduled to release fiscal first-quarter numbers May 19. Short interest is at 32%. Fiscal fourth-quarter earnings per share beat the mean forecast by 7.8%, sending the shares up 1.3%. The Buckle has appreciated 15%, annually, since 2007. It trades at a price-to-projected-earnings ratio of 12, a 34% discount to its peer average.
Teen clothing retailer The Buckle, Inc. said Thursday that sales at its stores open at least a year grew 7.2 percent in March. The results beat analyst expectations of 6.9 percent growth, as measured by Thomson Reuters. Sales at stores open at least a year are a key indicator of a retailer's performance because they measure growth at existing stores rather than newly opened ones. The company, based in Kearney, Neb., said total sales for the fiscal month grew 12.4 percent to $86.9 million from $77.3 million in the same period last year. Buckle operates 409 retail stores in 41 states, including four new stores opened during the March fiscal month.
Sorry to rain on the parade, but despite a good March, SSS were down in April. Easter holiday in March maybe?? We are at an inflection point though. Comps are easier going forward and P/E ratios are already low. This could see a breakthrough with some good numbers. We know new openings are at a mild pace, and SSS are reported each month. Internet sales are an x-factor. We'll see if Mr. Market will continue to thumb it's nose tomorrow. Good Luck to All!
Very good point. This is swimming upstream, but "the money" is obviously moving into BKE for a reason. My guess is the report today will be very good and we'll gap up tomorrow. The markets have finally settled and we will likely be 100+ points off todays low by tomorrow. Optimism has returned and the shoppers keep buying. This is a well run company with huge inside ownership. Always a good sign as you know.....We shall see...