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Wunderlich initiated coverage on shares of Aeropostale (NYSE:ARO) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating and a $3.50 price target on the stock. Wunderlich’s target price would suggest a potential upside of 3.86% from the company’s current price.

Shares of Aeropostale (NYSE:ARO) opened at 3.37 on Tuesday. Aeropostale has a one year low of $3.10 and a one year high of $13.34. The stock’s 50-day moving average is $3.31 and its 200-day moving average is $4.83. The company’s market cap is $265.0 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. On average, analysts predict that Aeropostale will post $-1.75 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ARO. Analysts at Nomura reiterated a “neutral” rating on shares of Aeropostale in a research note on Friday. They now have a $3.00 price target on the stock, down previously from $5.00. Separately, analysts at Stephens initiated coverage on shares of Aeropostale in a research note on Friday, June 20th. They set an “equal weight” rating and a $3.50 price target on the stock. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.16.

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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