Aeropostale Stock Rating Reaffirmed by Bank of America (ARO)
Aeropostale (NYSE:ARO)‘s stock had its “underperform” rating reaffirmed by research analysts at Bank of America in a report released on Friday. They currently have a $3.50 price objective on the stock, down from their previous price objective of $3.60. Bank of America’s price target would suggest a potential downside of 10.49% from the stock’s previous close.
ARO has been the subject of a number of other recent research reports. Analysts at Stifel Nicolaus reiterated a “positive” rating on shares of Aeropostale in a research note on Tuesday. Separately, analysts at Wunderlich initiated coverage on shares of Aeropostale in a research note on Tuesday, August 12th. They set a “hold” rating and a $3.50 price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Aeropostale in a research note on Friday, August 8th. They now have a $3.00 price target on the stock, down previously from $5.00. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.20.
Shares of Aeropostale (NYSE:ARO) opened at 3.91 on Friday. Aeropostale has a 52 week low of $3.10 and a 52 week high of $10.68. The stock has a 50-day moving average of $3.32 and a 200-day moving average of $4.63. The company’s market cap is $307.5 million.
Aeropostale (NYSE:ARO) last announced its earnings results on Thursday, August 21st. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.13. The company had revenue of $396.20 million for the quarter, compared to the consensus estimate of $392.61 million. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts predict that Aeropostale will post $-1.70 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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