Should You Buy The Pep Boys – Manny, Moe & Jack (PBY)?

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as The Pep Boys – Manny, Moe & Jack (NYSE:PBY) but similarly valued. We will take a look at Independent Bank Group Inc (NASDAQ:IBTX), Central Pacific Financial Corp. (NYSE:CPF), Orbotech Ltd. (NASDAQ:ORBK), and Callaway Golf Co (NYSE:ELY). This group of stocks’ market valuations are similar to PBY’s market valuation.

As you can see these stocks had an average of 16.75 hedge funds with bullish positions and the average amount invested in these stocks was $90 million. That figure was $147 million in PBY’s case. Callaway Golf Co (NYSE:ELY) is the most popular stock in this table. On the other hand Independent Bank Group Inc (NASDAQ:IBTX) is the least popular one with only 10 bullish hedge fund positions. The Pep Boys – Manny, Moe & Jack (NYSE:PBY) is not the most popular stock in this group but hedge fund interest is still above average. That makes the stock worth a closer look.