Standpoint Research Upgrades Aeropostale to “Buy” (ARO)
Aeropostale (NYSE:ARO) was upgraded by Standpoint Research from a “hold” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Aeropostale (NYSE:ARO) traded down 2.22% on Monday, hitting $9.67. 2,809,499 shares of the company’s stock traded hands. Aeropostale has a 52-week low of $7.78 and a 52-week high of $17.10. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $13.29. The company’s market cap is $759.0 million.
Aeropostale (NYSE:ARO) last issued its quarterly earnings data on Thursday, August 22nd. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, analysts predict that Aeropostale will post $-0.69 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “hold” rating on shares of Aeropostale (NYSE:ARO) in a research note to investors on Wednesday, September 18th. They now have a $7.00 price target on the stock. Separately, analysts at Maxim Group cut their price target on shares of Aeropostale (NYSE:ARO) from $14.00 to $9.00 in a research note to investors on Wednesday, September 18th. They now have a “hold” rating on the stock. Finally, analysts at TheStreet downgraded shares of Aeropostale (NYSE:ARO) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 11th.
Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have issued a buy rating to the company. Aeropostale presently has a consensus rating of “Hold” and a consensus target price of $11.50.
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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