FBR Capital Boosts Price Target on Aeropostale (ARO)

By admin | 6 years ago

Equities research analysts at FBR Capital (NASDAQ: FBCM) increased their price target on shares of Aeropostale (NYSE: ARO) from $16.00 to $20.00 in a research note issued to investors on Friday. The firm currently has a “market perform” rating on the stock.

A number of other firms have also recently commented on ARO. Analysts at Janney Montgomery Scott upgraded shares of Aeropostale from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, April 25th. They now have a $26.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Aeropostale from $23.00 to $25.00 in a research note to investors on Monday, April 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Wedbush upgraded shares of Aeropostale from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, March 28th. They now have a $26.00 price target on the stock.

Aeropostale traded down 1.45% on Friday, hitting $21.08. Aeropostale has a 1-year low of $9.16 and a 1-year high of $25.75. The company has a market cap of $1.707 billion and a price-to-earnings ratio of 25.16.

Aeropostale last released its earnings data on Thursday, March 8th. The company reported $0.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.07. Aeropostale’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that Aeropostale will post $0.05 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.

About the author