Wells Fargo & Co. Raises Aeropostale to Market Perform (ARO)
Aeropostale (NYSE: ARO) was upgraded by analysts at Wells Fargo & Co. (NYSE: WFC) from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Thursday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Imperial Capital upgraded shares of Aeropostale from an “in” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $23.00 price target on the stock, up previously from $22.00. Separately, analysts at Cowen upgraded shares of Aeropostale from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. Finally, analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of Aeropostale in a research note to investors on Friday, May 18th.
Aeropostale opened at 18.99 on Thursday. Aeropostale has a 52-week low of $9.16 and a 52-week high of $25.75. The company has a market cap of $1.539 billion and a price-to-earnings ratio of 24.38.
Aeropostale last posted its quarterly earnings results on Thursday, May 17th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Aeropostale will post $0.44 EPS next quarter.
Aeropostale, Inc. 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 7 to 12 year-old kids through its P.