Aeropostale’s “Hold” Rating Reaffirmed at Jefferies Group (ARO)
Aeropostale (NYSE:ARO)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group in a report released on Friday. They currently have a $4.00 target price on the stock, down from their previous target price of $5.00. Jefferies Group’s price objective would suggest a potential upside of 2.30% from the company’s current price.
Aeropostale (NYSE:ARO) traded down 10.23% on Friday, hitting $3.51. The stock had a trading volume of 5,182,714 shares. Aeropostale has a one year low of $3.10 and a one year 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 $276.0 million.
Aeropostale (NYSE:ARO) last released its earnings data on Thursday, August 21st. The company reported ($0.46) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was down 12.7% on a year-over-year basis. Analysts expect that Aeropostale will post $-1.70 EPS for the current fiscal year.
ARO has been the subject of a number of other recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of Aeropostale from $5.50 to $4.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Aeropostale in a research note on Friday. They now have a $2.50 price target on the stock, down previously from $3.00. Finally, analysts at Bank of America reiterated an “underperform” rating on shares of Aeropostale in a research note on Friday. They now have a $3.50 price target on the stock, down previously from $3.60. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.07.
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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