Price Target Update on Aeropostale Inc (NYSE:ARO
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Price Target Update on Aeropostale Inc (NYSE:ARO)
Nov 19, 2015
Aeropostale Inc (NYSE:ARO): The stock price is expected to reach $ 1.37 in the short term. The number of analysts agreeing with this consensus is 9. The higher estimate for the short term price target is at $2 while the lower estimate is at $1. The standard deviation of the price stands at $0.59.
Company shares have received an average consensus rating of Hold for the current week Many analysts have commented on the company rating. Wolfe Research initiates coverage on Aeropostale Inc (NYSE:ARO).The analysts at the brokerage house have a current rating of Peer Perform on the shares. The rating by the firm was issued on August 17, 2015.
Aeropostale, Inc. has dropped 9.33% in the last five trading days, however, the shares have posted positive gains of 13.33% in the last 4 weeks. Aeropostale, Inc. has dropped 45.6% during the last 3-month period . Year-to-Date the stock performance stands at -70.69%.
On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Hirtler-Garvey Karin, director of Aeropostale Inc, executed a transaction worth $19,140 on October 5, 2015. A total of 33,000 shares were purchased at an average price of $0.58. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Aeropostale Inc (NYSE:ARO) : On Wednesday heightened volatility was witnessed in Aeropostale Inc (NYSE:ARO) which led to swings in the share price. The shares opened for trading at $0.6799 and hit $0.69 on the upside , eventually ending the session at $0.68, with a gain of 1.49% or 0.01 points. The heightened volatility saw the trading volume jump to 769,860 shares. The 52-week high of the share price is $4.39 and the company has a market cap of $54 million. The 52-week low of the share price is at $0.47 .
Aeropostale, Inc., (Aeropostale) 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.S. from Aeropostale stores. P.S. from Aeropostale products can be purchased in P.S. from Aeropostale stores, in certain Aeropostale stores, and online at www.ps4u.com. As of January 28, 2012, it operated 986 Aeropostale stores, consisting of 918 stores in 50 states and Puerto Rico, 68 stores in Canada, as well as 71 P.S. from Aeropostale stores in 20 states. In addition, pursuant to a licensing agreement, it operated 14 Aeropostale and P.S. from Aeropostale stores in Middle East and South East Asia. In November 2012, the Company acquired online womens fashion footwear and apparel retailer GoJane.com (GoJane).
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