Aeropostale PT Lowered to $15.00 (ARO)
Equities researchers at Jefferies Group cut their target price on shares of Aeropostale (NYSE:ARO) from $20.00 to $15.00 in a research report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 36.61% from the company’s current price.
The analysts wrote, “In what’s beginning to feel like deja vu across teen retail this season, ARO slashed expectations for 3Q following a weak 2Q and similar implosions at peers. Traffic declines and a highly competitive environment were to blame, rendering improvements in merchandise null and void for now. We still see opportunity here, but believe mgmt needs to be more aggressive with its strategic initiatives to effect meaningful change. Maintain Buy, PT to $15.”
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of Aeropostale from a “neutral” rating to an “underperform” rating in a research note to investors on Friday. They now have a $9.00 price target on the stock, down previously from $18.00. Separately, analysts at KeyCorp downgraded shares of Aeropostale from a “hold” rating to an “underweight” rating in a research note to investors on Wednesday, August 14th. They now have a $10.00 price target on the stock. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Aeropostale from $13.00 to $11.00 in a research note to investors on Friday, August 9th.
Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Aeropostale has an average rating of “Hold” and a consensus price target of $13.00.
Aeropostale (NYSE:ARO) traded down 20.04% during mid-day trading on Friday, hitting $8.78. 14,735,100 shares of the company’s stock traded hands. Aeropostale has a one year low of $10.88 and a one year high of $17.10. The stock’s 50-day moving average is $13.90 and its 200-day moving average is $14.06. The company has a market cap of $689.0 million and a P/E ratio of 76.25. Aeropostale also was the target of some unusual options trading on Thursday. Investors bought 5,973 call options on the company. This is an increase of approximately 148% compared to the average daily volume of 2,406 call options.
Aeropostale (NYSE:ARO) last announced its earnings results on Thursday, August 22nd. The company reported ($0.34) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.24) by $0.10. The company had revenue of $454.00 million for the quarter, compared to the consensus estimate of $453.97 million. Aeropostale’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that Aeropostale will post $0.21 earnings per share for the current fiscal year.
In other Aeropostale news, Director Karin Hirtler-Garvey sold 16,875 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $12.70, for a total transaction of $214,312.50. Following the completion of the sale, the director now directly owns 54,557 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Aeropostale, Inc, (NYSE:ARO) 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.
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