Aeropostale Lowered to “Sector Perform” at RBC Capital (ARO)
Aeropostale (NYSE:ARO) was downgraded by RBC Capital from an “outperform” rating to a “sector perform” rating in a research note issued on Friday. They currently have a $6.00 price target on the stock, down from their previous price target of $14.00. RBC Capital’s price objective indicates a potential upside of 32.74% from the company’s current price.
Shares of Aeropostale (NYSE:ARO) opened at 4.52 on Friday. Aeropostale has a 52 week low of $4.30 and a 52 week high of $16.82. The stock has a 50-day moving average of $4.7 and a 200-day moving average of $6.99. The company’s market cap is $354.8 million.
Aeropostale (NYSE:ARO) last announced its earnings results on Thursday, May 22nd. The company reported ($0.52) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.72) by $0.20. The company had revenue of $395.90 million for the quarter, compared to the consensus estimate of $410.04 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts predict that Aeropostale will post $-1.76 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ARO. Analysts at Bank of America cut their price target on shares of Aeropostale from $5.00 to $2.50 in a research note on Friday, April 11th. Separately, analysts at Mizuho cut their price target on shares of Aeropostale from $7.00 to $5.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Finally, analysts at Piper Jaffray downgraded shares of Aeropostale from a “neutral” rating to an “underweight” rating in a research note on Wednesday, April 9th. They now have a $4.00 price target on the stock, down previously from $7.00. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $8.11.
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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