Aeropostale PT Lowered to $6.00 at Susquehanna (ARO)
Analysts at Susquehanna reduced their price target on shares of Aeropostale (NYSE:ARO) from $8.00 to $6.00 in a research report issued to clients and investors on Monday. Susquehanna’s target price points to a potential upside of 70.45% from the company’s current price.
A number of other firms have also recently commented on ARO. Analysts at Jefferies Group reiterated a “hold” rating on shares of Aeropostale in a research note on Friday. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, 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. Finally, 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. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.23.
Aeropostale (NYSE:ARO) opened at 3.52 on Monday. Aeropostale has a one year low of $3.10 and a one year high of $10.68. The stock’s 50-day moving average is $3.3 and its 200-day moving average is $4.61. The company’s market cap is $277.2 million.
Aeropostale (NYSE:ARO) last posted its quarterly earnings results 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 $-1.79 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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