3 Retail Small-Caps: Jay Kaplan on CNBC's Nightly Business Report
article 11-25-2015

3 Retail Small-Caps: Jay Kaplan on CNBC's Nightly Business Report

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On November 20, 2015, Portfolio Manager Jay Kaplan talked with the hosts of CNBC’s Nightly Business Report, Sue Herera and Tyler Mathisen, about three small-cap companies in the retail space that he thinks have considerable growth potential—G3 Apparel, The Buckle, and Steve Madden.

Jay described G3 as “a leader in coats… we think it’s a well-managed company, it’s down big from its high,” so he thinks it has room to grow over the next 12-24 months.

Jay Kaplan has 27 years of investment industry experience, 15 of which at Royce. He is co-portfolio manager of Royce Total Return Fund and Royce Dividend Value Fund (with Chuck Royce) and the portfolio manager of Royce Small-Cap Value Fund and Royce Capital Fund—Small-Cap Portfolio. He is also an assistant manager of Royce Pennsylvania Mutual Fund.

Watch the interview at NBR.com

Important Disclosure Information

Jay Kaplan is a Portfolio Manager of Royce & Associates, LLC, investment adviser to The Royce Funds. He serves as portfolio manager for Royce Total Return Fund, Royce Dividend Value Fund, Royce Small-Cap Value Fund, and Royce Capital Fund—Small-Cap Portfolio. He also serves as assistant portfolio manager of Royce Pennsylvania Mutual Fund. The thoughts and opinions expressed in this piece are solely those of the person speaking and may differ from those of other Royce investment professionals, or the firm as a whole. There can be no assurance with regard to future market movements. There can be no assurance that a company that currently pays a dividend will continue to do so in the future. 

This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. Investments in securities of small-cap companies may involve considerably more risk than investments in securities of larger-cap companies. (Please see "Primary Risks for Fund Investors" in the prospectus.)

Percentage of Fund Holdings as of 9/30/15 (%)

  G3 Apparel The Buckle Steve Madden Macy's
Capital Small-Cap 0.00 2.40 0.00 0.00
Dividend Value 0.00 0.86 0.20 0.00
Pennsylvania Mutual 0.00 0.73 0.07 0.00
Small-Cap Value 0.00 2.84 0.52 0.00
Total Return 0.00 0.63 0.00 0.00

There can be no assurance that any of the securities mentioned in this piece will be included in these portfolios in the future. References to specific securities in this piece are not intended as recommendations and should not be relied upon as the basis for anyone to buy, sell, or hold any security.



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