Bank of America Lowers Aeropostale Price Target to $2.50 (ARO)
Equities research analysts at Bank of America cut their price target on shares of Aeropostale (NYSE:ARO) from $5.00 to $2.50 in a research note issued to investors on Friday, Analyst Ratings Network reports. Bank of America’s target price indicates a potential downside of 45.89% from the company’s current price.
A number of other analysts have also recently weighed in on ARO. Analysts at Mizuho cut their price target on shares of Aeropostale from $7.00 to $5.00 in a research note on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Piper Jaffary downgraded shares of Aeropostale from a “neutral” rating to an “underweight” rating in a research note on Wednesday. They now have a $4.00 price target on the stock, down previously from $7.00. Finally, analysts at Piper Jaffray downgraded shares of Aeropostale from a “neutral” rating to an “underweight” rating in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.42.
Shares of Aeropostale (NYSE:ARO) traded down 5.71% on Friday, hitting $4.62. 4,507,314 shares of the company’s stock traded hands. Aeropostale has a 1-year low of $4.51 and a 1-year high of $17.10. The stock has a 50-day moving average of $6.08 and a 200-day moving average of $7.9. The company’s market cap is $362.6 million. Aeropostale also was the target of a significant growth in short interest during the month of January. As of March 31st, there was short interest totalling 22,339,778 shares, a growth of 12.6% from the March 14th total of 19,838,578 shares. Currently, 31.5% of the company’s stock are sold short. Based on an average daily volume of 6,298,656 shares, the short-interest ratio is presently 3.5 days.
Aeropostale (NYSE:ARO) last issued its quarterly earnings data on Thursday, March 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by $0.04. The company had revenue of $670.00 million for the quarter, compared to the consensus estimate of $684.96 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 16.0% on a year-over-year basis. On average, analysts predict that Aeropostale will post $-1.77 earnings per share for the current fiscal year.
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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