Telsey Advisory Group Cuts Aeropostale Price Target to $4.00 (ARO)
Analysts at Telsey Advisory Group decreased their price objective on shares of Aeropostale (NYSE:ARO) from $5.50 to $4.00 in a research report issued to clients and investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would suggest a potential upside of 2.30% from the stock’s previous close.
Shares of Aeropostale (NYSE:ARO) traded down 9.16% on Friday, hitting $3.552. 3,319,003 shares of the company’s stock traded hands. Aeropostale has a 1-year low of $3.10 and a 1-year high of $10.68. The stock’s 50-day moving average is $3.32 and its 200-day moving average is $4.63. The company’s market cap is $279.3 million.
Aeropostale (NYSE:ARO) last issued its quarterly earnings data 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. 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 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. Separately, 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. Finally, analysts at Stifel Nicolaus reiterated a “positive” rating on shares of Aeropostale in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company. Aeropostale presently has a consensus rating of “Hold” and a consensus price target of $6.11.
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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