Aeropostale Shares Gap Up After Insider Buying Activity (ARO)
Aeropostale (NYSE:ARO) shares gapped up prior to trading on Wednesday after an insider bought additional shares in the company, Analyst Ratings News reports. The stock had previously closed at $3.76, but opened at $3.82. Aeropostale shares last traded at $4.10, with a volume of 6,320,960 shares trading hands.
Specifically, Director Karin Hirtler-Garvey acquired 55,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were purchased at an average cost of $3.56 per share, with a total value of $195,800.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ARO. Analysts at RBC Capital cut their price target on shares of Aeropostale from $6.00 to $5.00 in a research note on Monday. Separately, analysts at Susquehanna cut their price target on shares of Aeropostale from $8.00 to $6.00 in a research note on Monday. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Aeropostale in a research note on Friday, August 22nd. They now have a $4.00 price target on the stock, down previously from $5.00. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.18.
The stock has a 50-day moving average of $3.34 and a 200-day moving average of $4.54. The company’s market cap is $325.2 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. On average, analysts predict that Aeropostale will post $-1.78 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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