Aeropostale Lifted to Hold at Zacks (ARO) November 10th,

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Aeropostale Lifted to Hold at Zacks (ARO)
November 10th, 2015 - Filed Under - by Samantha Reynolds


Aeropostale logoAeropostale (NYSE:ARO) was upgraded by Zacks from a “sell” rating to a “hold” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports.

According to Zacks, “Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting fourteen to seventeen year-old young women and men. The Company provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values. Aeropostale maintains control over its proprietary brands by designing, sourcing, marketing and selling all of its own merchandise. Aeropostale products are currently purchased only in its stores, on-line through its e-commerce website or at organized sales events at college campuses. “

In other news, COO Marc D. Miller bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was acquired at an average price of $0.72 per share, for a total transaction of $43,200.00. Following the transaction, the chief operating officer now directly owns 190,122 shares of the company’s stock, valued at approximately $136,887.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

ARO has been the subject of several other reports. Jefferies Group decreased their price target on shares of Aeropostale from $2.50 to $1.25 and set a “hold” rating on the stock in a report on Friday, August 28th. Wunderlich reduced their target price on shares of Aeropostale from $3.50 to $0.50 and set a “hold” rating on the stock in a report on Monday, October 19th. Mizuho reiterated a “hold” rating on shares of Aeropostale in a report on Saturday, August 29th. Telsey Advisory Group dropped their target price on shares of Aeropostale from $2.00 to $1.50 and set an “underperform” rating for the company in a research report on Friday, August 28th. Finally, Wolfe Research initiated coverage on shares of Aeropostale in a research report on Monday, August 17th. They set a “peer perform” rating and a $2.00 price objective for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the stock. Aeropostale presently has a consensus rating of “Hold” and an average price target of $2.40.

Shares of Aeropostale (NYSE:ARO) traded up 1.32% on Tuesday, hitting $0.77. The stock had a trading volume of 1,097,291 shares. The firm’s market cap is $61.30 million. Aeropostale has a 12-month low of $0.47 and a 12-month high of $4.39. The stock has a 50 day moving average of $0.64 and a 200 day moving average of $1.51.

Aeropostale (NYSE:ARO) last issued its quarterly earnings data on Thursday, August 27th. The apparel retailer reported ($0.56) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.56). The business had revenue of $326.90 million for the quarter, compared to analysts’ expectations of $336.06 million. During the same period last year, the business earned ($0.46) earnings per share. Equities analysts predict that Aeropostale will post ($1.44) earnings per share for the current fiscal year.

Aeropostale, Inc. is a mall-based, specialty retailer of casual clothes and accessories. The Company operates through two segments: retail stores and e-commerce, and international licensing. It’s largely focused on 14 to 17 year old young women and men through its Aeropostale shops and 4 to 12 year-olds through its P.S. from Aeropostale stores. As of January 31, 2015, it operated 860 shops, consisting of 773 Aeropostale stores in all 50 states and Puerto Rico, 61 Aeropostale stores in Canada, as well as 26 P.S. from Aeropostale stores in 12 states. In addition, pursuant to various licensing agreements, its licensees managed 239 Aeropostale and P.S. from Aeropostale locations in the Middle East, Asia, Europe and Latin America as of January 31, 2015. It also operates GoJane.com, an online women’s fashion footwear and apparel retailer.

To get a free copy of the research report on Aeropostale (ARO), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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