Share on StockTwits

Aeropostale (NYSE:ARO) was upgraded by investment analysts at Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday, reports. The firm currently has a $7.00 target price on the stock. Goldman Sachs Group Inc.’s target price would indicate a potential downside of 2.51% from the stock’s previous close.

Aeropostale (NYSE:ARO) traded down 2.30% during mid-day trading on Wednesday, hitting $7.015. 2,238,560 shares of the company’s stock traded hands. Aeropostale has a 52 week low of $6.90 and a 52 week high of $17.10. The stock has a 50-day moving average of $8.30 and a 200-day moving average of $9.96. The company’s market cap is $550.6 million.

Aeropostale (NYSE:ARO) last released its earnings data on Wednesday, December 4th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.09. The company had revenue of $514.60 million for the quarter, compared to the consensus estimate of $519.07 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 15.1% on a year-over-year basis. On average, analysts predict that Aeropostale will post $-1.09 earnings per share for the current fiscal year.

A number of other firms have also recently commented on ARO. Analysts at Jefferies Group downgraded shares of Aeropostale from a “buy” rating to a “hold” rating in a research note to investors on Thursday, January 2nd. They now have a $7.00 price target on the stock, down previously from $12.00. Finally, analysts at Telsey Advisory Group cut their price target on shares of Aeropostale from $12.00 to $10.00 in a research note to investors on Thursday, December 5th. They now have a “not rated” rating on the stock. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $10.34.

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.

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.