$ARO @ .44 Aeropostale Inc 132.6% Potential Upside
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Aeropostale (ARO) Stock Spikes in After-Hours Trading Following Earnings Release Aeropostale (ARO) is Reiterated by Topeka Capital Markets to Hold, Lowers
Randall Craig | 04 December, 2015, 21:31
Aeropostale Inc (NYSE:ARO) had its price target trimmed by Mizuho from $1.50 to $0.65 in a research note published on Thursday, AnalystRatingsNetwork.com reports. Finally, SunTrust lifted their price objective on shares of Aeropostale from $3.00 to $3.50 and gave the stock a neutral rating in a research note on Monday, November 2nd.
Other analysts also recently issued reports about the stock. Wunderlich restated a "hold" rating on shares of Aeropostale in a research note on Saturday, August 15th.
Aeropostale Inc using SYMBOL/TICKER code NYSE:ARO has had its stock rating noted as "Reiterated" with the recommendation being set at "UNDERPERFORM" this morning by analysts at Telsey Advisory Group. Get a free copy of the Zacks research report on Aeropostale Inc (ARO). Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Following the completion of the purchase, the chief operating officer now directly owns 190,122 shares of the company's stock, valued at approximately $136,887.84. The acquisition was disclosed in a filing with the SEC, which is available through this link. The 50-Day Moving Average price is $0.66 and the 200 Day Moving Average price is recorded at $1.24.
About 6.22M shares traded hands or 338.03% up from the average. The 52 week high for the share price is now at 4.39 United States dollars while the 52 week low for the share price is 0.35 USD. The stock's market capitalization is $35.03 million. A total of 33,000 shares were purchased at an average price of $0.58.
Aeropostale (NYSE:ARO) last issued its quarterly earnings results on Wednesday, December 2nd. The apparel retailer reported ($0.31) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.34) by $0.03. During the same quarter in the previous year, the firm earned ($0.45) earnings per share.
Third Quarter PerformanceFor the third quarter of fiscal 2015, net sales decreased 20% to $363.3 million, from $452.9 million in the year ago period.
"Our results for the quarter led to an adjusted operating loss that was within our original guidance range and that demonstrated a $13 million improvement versus past year". Equities analysts predict that Aeropostale will post ($1.45) EPS for the current fiscal year.
Express, Inc (EXPR) declined 4.7% or 85 cents to $16.56 after the apparel and accessories retailer said net sales in the third-quarter ending in October jumped 10% from a year ago to $546.6 million. The Firm operates through two divisions: retail stores and e-commerce, and global licensing. It is principally focused on 14 to 17 year-old young women and men through its Aeropostale stores and 4 to 12 year-olds through its P.S. from Aeropostale stores. 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 various licensing agreements, its licensees operated 239 Aeropostale and P.S. from Aeropostale locations in the Middle East, Asia, Europe and Latin America as of January 31, 2015. In November 2012, the Company acquired online womens fashion footwear and apparel retailer GoJane.com (GoJane).
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