Josh Arnold
Long/short equity

The Buckle: 6% Yielding Retailer With Growth Prospects

The Buckle, Inc. (NYSE:BKE) is a retailer of apparel, footwear and accessories to young men and women in the US. The company sells casual apparel including jeans, shirts, sportswear, outerwear and associated accessories. The retailer operates roughly 450 retail locations and its website. Shares have been on an almost uninterrupted uptrend since 2009 as the price has risen from $10 to $57. These gains have come on very strong comparable store sales and margins accompanied by the company's robust dividend policy. With shares at all-time highs, investors are left to wonder if there is any value left in BKE shares. I'll argue here that the company's operating history, unnecessarily low expectations for growth and robust dividend policies all...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details