5 Undervalued Small-Cap Stocks to Buy Now

2. The Buckle, Inc. (NYSE:BKE)

Number of Hedge Fund Holders: 28

P/E Ratio as of March 7: 7.31

Market Capitalization as of March 7: $1.745 billion

The Buckle, Inc. (NYSE:BKE) is a retailer of casual apparel, footwear, and accessories in the United States. The company was incorporated in 1948 and is headquartered in Kearney, Nebraska. Sidoti initiated coverage of The Buckle, Inc. (NYSE:BKE) on December 14 with a Buy rating and a $60 price target. 

The Buckle, Inc. (NYSE:BKE) on March 3 announced that comparable store net sales for the 4-week period ended February 26, 2022 increased 33.3% year-over-year. 

On December 6, The Buckle, Inc. (NYSE:BKE) declared a $0.35 per share quarterly dividend, a 6.1% increase from its prior dividend of $0.33. The dividend was paid on December 29. Additionally, the board declared a special dividend of $5.65 payable along with the quarterly dividend.

Elite hedge funds are exceedingly bullish on The Buckle, Inc. (NYSE:BKE). In the fourth quarter of 2021, 28 hedge funds were bullish on The Buckle, Inc. (NYSE:BKE), up from 23 funds in the earlier quarter. Ken Heebner’s Capital Growth Management is the biggest shareholder of the company, with 840,000 shares worth $35.5 million.