Hedge Funds’ 10 Favorite Apparel Stores

Just like any industry, hedge funds has its favorite apparel stores as well. Insider Monkey revealed " Hedge Funds’ 10 Favorite Apparel Stores". Apparel stores are often well-known consumer stocks. Yet despite their dependence on potentially fleeting consumer sentiment, a number of top investors believe that they can be good investments as well. Here are the 10 most popular apparel store stocks among hedge funds:

American Eagle (NYSE:AEO): American Eagle is not even in the top five apparel stores by market capitalization, but it is a hedge fund favorite with 41 hedge funds owning shares at the end of March. American Eagle achieved solid revenue and earnings growth in its first quarter (ending in April), and analyst estimates give it a forward P/E of 14. One fund with a large position in the stock was Chuck Royce’s Royce and Associates, which owned 13.1 million shares (see more stock picks from Royce & Associates). To know all the hedge funds' favorite apparels, you should check on Insider Monkey.