Ken Heebner’s Capital Growth Management’s Portfolio: 5 Dividend Stock Picks

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

Number of Hedge Fund Holders: 29
Capital Growth Management’s Stake Value: $29,406,000
Dividend Yield as of May 24: 5.01%

The Buckle, Inc. (NYSE:BKE) is an American fashion retailer that sells clothing, footwear, and accessories for men, women, and children. In April, the company reported its comparable store net sales of $96.3 million, a 2.8% growth from the same period last year.

The Buckle, Inc. (NYSE:BKE) currently pays a quarterly dividend of $0.35 per share, having raised it by 6% in December 2021. The company has raised its dividends three years in a row. The stock’s dividend yield was recorded at 5.01% on May 24.

Capital Growth Management started building its position in The Buckle, Inc. (NYSE:BKE) during the second quarter of 2021. At the end of Q1 2022, the hedge fund held shares worth roughly $30 million in the company, after increasing its position by 6%. The company accounted for 2.71% of Ken Heebner’s portfolio.

At the end of March 2021, 29 hedge funds tracked by Insider Monkey reported owning stakes in The Buckle, Inc. (NYSE:BKE), up from 28 in the previous quarter. These stakes hold a consolidated value of roughly $133 million. With shares worth over $34 million, Renaissance Technologies held the largest stake in the company in Q1 2022.