Aeropostale Reaches New 52-Week Low at $3.34 (ARO)
Aeropostale (NYSE:ARO)’s share price hit a new 52-week low during mid-day trading on Thursday , Analyst Ratings.Net reports. The company traded as low as $3.34 and last traded at $3.50, with a volume of 1,353,754 shares changing hands. The stock had previously closed at $3.44.
A number of analysts have recently weighed in on ARO shares. Analysts at Nomura cut their price target on shares of Aeropostale from $6.00 to $5.00 in a research note on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Piper Jaffray upgraded shares of Aeropostale from an “underweight” rating to a “neutral” rating in a research note on Tuesday, May 27th. Finally, analysts at Topeka Capital Markets cut their price target on shares of Aeropostale from $6.00 to $4.00 in a research note on Friday, May 23rd. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.20.
The stock’s 50-day moving average is $4.43 and its 200-day moving average is $6.65. The company’s market cap is $278.9 million.
Aeropostale (NYSE:ARO) last posted its quarterly earnings results on Thursday, May 22nd. The company reported ($0.52) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.16) earnings per share. Aeropostale’s revenue was down 12.5% compared to the same quarter last year. Analysts expect that Aeropostale will post $-1.76 EPS 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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