Editor’s Note: Aeropostale Inc (NYSE:ARO)
Aeropostale, Abercrombie, American Eagle finally wake up to teens’ changing uniform (Market Watch)
It has been an ugly week for the three A-teen retailers. Aeropostale slumped 18% on Friday after the teen retailer joined rivals Abercrombie & Fitch Co. and American Eagle Outfitters Inc. in reporting disappointing second-quarter results and outlook. It also said the back-to-school season hasn’t started as well as expected and referenced a more promotional environment to compete for teens’ wallet share.
Bank of America Corp. Downgrades Aeropostale to Underperform (ARO) (Zolmax News)
Aeropostale Inc (NYSE:ARO) was downgraded by equities research analysts at Bank of America Corp. from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a $9.00 price objective on the stock, down from their previous price objective of $18.00. Bank of America Corp.’s target price would indicate a potential downside of 18.03% from the stock’s previous close.
Why Aeropostale Shares Bombed (The Motley Fool)
Although we don’t believe in timing the market or panicking over market movements, we do like to keep an eye on big changes — just in case they’re material to our investing thesis. What: Shares of Aeropostale Inc (NYSE:ARO) were getting torpedoed today, falling as much as 20.8% after the company posted an underwhelming earnings report. So what: Like its fellow teen retailers American Eagle and Abercrombie and Fitch, Aeropostale had a miserable quarter of its own, turning in an adjusted per-share loss of $0.34, worse than expectations of $0.29.
US: Aeropostale to close more stores on likely Q3 loss (Just-Style)
Teen clothing retailer Aeropostale Inc (NYSE:ARO) says it expects to post a third quarter loss and will close more stores than originally forecast, after high promotional activity weighed on second quarter sales and deepened losses. CEO Thomas Johnson said: “As previously reported, our second quarter results did not change materially from earlier in the year. Our business was pressured by a challenging teen retail environment with weak traffic trends and high levels of promotional activity.
Aeropostale PT Lowered to $15.00 (ARO) (People’s Post)
Equities researchers at Jefferies Group cut their target price on shares of Aeropostale Inc (NYSE:ARO) from $20.00 to $15.00 in a research report issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 36.61% from the company’s current price.