Steve Madden, Gamestop & The Buckle May Be Places to Invest

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Steve Madden, Gamestop & The Buckle May Be Places to Invest

Steve Madden, Gamestop & The Buckle May Be Places to Invest
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Steve Madden, Gamestop & The Buckle May Be Places to Invest

by TheStreet 1:49 mins

The Buckle is a smart buy ahead of back-to-school season because the teen retailer is extremely well run with higher margins than its competitors, said Jay Kaplan, portfolio manager for the Royce Dividend Value Fund. Kaplan is also bullish on Gamestop's stock, saying the console cycle will soon start working in its favor as customers start coming into stores for the latest games. Furthermore, he said the company is heavily shorted which could squeeze the shares higher on good news. Finally, Kaplan is positive on Steve Madden's stock because the company is taking share during a slow period in the shoe industry.

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