Insider Buying: Kenneth B. Gilman Buys 30,000 Shares of Aeropostale Stock (ARO)
Aeropostale (NYSE:ARO) Director Kenneth B. Gilman acquired 30,000 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $3.83 per share, for a total transaction of $114,900.00. Following the completion of the transaction, the director now directly owns 61,532 shares of the company’s stock, valued at approximately $235,668. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Aeropostale (NYSE:ARO) traded up 8.90% during mid-day trading on Wednesday, hitting $4.16. The stock had a trading volume of 8,978,072 shares. 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 $3.34 and its 200-day moving average is $4.54. The company’s market cap is $327.6 million.
Aeropostale (NYSE:ARO) last posted its quarterly 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 $-1.78 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment 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. Aeropostale has an average rating of “Hold” and a consensus price target of $5.18.
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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