Aeropostale PT Lowered to $17.00 (ARO)

Posted by: Amir Abbas Vahidi Posted date: March 18, 2013 In: Analyst Articles - US, Investing

Equities researchers at Jefferies Group cut their target price on shares of Aeropostale (NYSE: ARO) from $18.00 to $17.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock.

Aeropostale (NYSE: ARO) opened at 13.75 on Friday. Aeropostale has a 52-week low of $11.76 and a 52-week high of $23.05. The stock’s 50-day moving average is currently $13.45. The company has a market cap of $1.076 billion and a price-to-earnings ratio of 31.98.

Aeropostale (NYSE: ARO) last released its earnings data on Thursday, March 14th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. The company had revenue of $797.70 million for the quarter, compared to the consensus estimate of $779.66 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Aeropostale will post $0.64 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wedbush reiterated an “overweight” rating on shares of Aeropostale in a research note to investors on Friday. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Aeropostale in a research note to investors on Friday. Finally, analysts at Janney Montgomery Scott cut their price target on shares of Aeropostale from $12.00 to $11.00 in a research note to investors on Friday.

Eight investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, twelve have issued a hold rating, and one has issued a sell rating to the stock. Aeropostale has a consensus rating of “overweight” and an average price target of $14.47.

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.

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