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Interested in stocks of the retail industry but don't know where to start? Here are some ideas you may find interesting.

We ran a screen on the retail industry for stocks seeing the most significant net institutional purchases over the current quarter. This indicates that more institutional investors such as hedge fund managers and mutual fund managers are buying the stock than selling it.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Do you think these stocks will outperform like hedge funds expect? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Vera Bradley, Inc. (VRA): Engages in the design, production, marketing, and retail of functional accessories for women under the "Vera Bradley" brand. Market cap of $1.37B. Net institutional shares purchased over the current quarter at 4.6M, which is 23.29% of the company's 19.75M share float. The stock is a short squeeze candidate, with a short float at 50.21% (equivalent to 15.3 days of average volume). The stock has had a couple of great days, gaining 5.74% over the last week.

2. Express Inc. (EXPR): Operates specialty retail stores in the United States. Market cap of $1.84B. Net institutional shares purchased over the current quarter at 6.9M, which is 8.94% of the company's 77.19M share float. The stock has had a couple of great days, gaining 6.26% over the last week.

3. Buckle Inc. (BKE): Operates as a retailer of casual apparel, footwear, and accessories for young men and women in the continental United States. Market cap of $1.96B. Net institutional shares purchased over the current quarter at 1.8M, which is 6.80% of the company's 26.49M share float. The stock is a short squeeze candidate, with a short float at 24.82% (equivalent to 15.74 days of average volume). The stock has gained 23.06% over the last year.

4. Skechers USA Inc. (SKX): Engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. Market cap of $653.56M. Net institutional shares purchased over the current quarter at 2.5M, which is 6.19% of the company's 40.38M share float. The stock is a short squeeze candidate, with a short float at 17.2% (equivalent to 6.84 days of average volume). The stock has had a couple of great days, gaining 9.17% over the last week.

5. Body Central Corp. (BODY): Operates as a specialty retailer of young women's apparel and accessories in the South, Mid-Atlantic, and Midwest regions of the United States. Market cap of $377.60M. Net institutional shares purchased over the current quarter at 570.4K, which is 4.17% of the company's 13.69M share float. The stock is a short squeeze candidate, with a short float at 7.68% (equivalent to 7.17 days of average volume). The stock has gained 17.41% over the last year.

6. GameStop Corp. (GME): Operates as a retailer of video game products and personal computer entertainment software. Market cap of $3.30B. Net institutional shares purchased over the current quarter at 4.7M, which is 3.48% of the company's 134.98M share float. Might be undervalued at current levels, with a PEG ratio at 0.92, and P/FCF ratio at 4.69. The stock is a short squeeze candidate, with a short float at 29.91% (equivalent to 11.85 days of average volume). The stock has gained 16.98% over the last year.

7. Shoe Carnival Inc. (SCVL): Operates as a family footwear retailer. Market cap of $319.20M. Net institutional shares purchased over the current quarter at 284.4K, which is 3.07% of the company's 9.26M share float. The stock has lost 10.32% over the last year.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 7 Retail Stocks Being Snapped Up By Hedge Funds