market folly

Ricky Sandler's hedge fund firm Eminence Capital has filed a 13G on retailer Aeropostale (ARO).  Per the filing, Eminence now owns 5.4% of the company with just over 4.2 million shares.

This marks a 39% increase in their position size since the end of the second quarter when they owned just over 3 million shares.  The 13G was required due to portfolio activity on September 17th.


Tiger Consumer Management Buys Aeropostale Too

Eminence isn't the only hedge fund that's been buying shares either.  Patrick McCormack's Tiger Consumer Management has also filed a 13G on ARO in recent weeks.

Tiger Consumer now owns over 6.4 million shares and filed the 13G due to activity on September 4th.  They've boosted their holdings in ARO by almost 81% since the end of the second quarter.   Patrick McCormack's fund now owns 8.21% of the company.

Per Google Finance, Aeropostale is "a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-old kids through its P.S. from Aeropostale stores. P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores, and online at www.ps4u.com."