Aeropostale Price Target Cut to $3.50 by Analysts at BMO Capital Markets (ARO)

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Analysts at BMO Capital Markets dropped their price target on shares of Aeropostale (NYSE:ARO) from $6.00 to $3.50 in a research report issued to clients and investors on Friday. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential downside of 22.57% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Janney Montgomery Scott cut their price target on shares of Aeropostale from $4.00 to $3.00 in a research note on Friday. They now have a “fair value” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of Aeropostale from $3.50 to $3.00 in a research note on Friday. Finally, analysts at Cowen and Company cut their price target on shares of Aeropostale from $6.00 to $5.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. Aeropostale presently has a consensus rating of “Hold” and an average target price of $7.48.

Shares of Aeropostale (NYSE:ARO) opened at 4.52 on Friday. Aeropostale has a 1-year low of $4.30 and a 1-year high of $16.82. The stock’s 50-day moving average is $4.7 and its 200-day moving average is $6.99. The company’s market cap is $354.8 million.

Aeropostale (NYSE:ARO) last issued its quarterly earnings data on Thursday, May 22nd. The company reported ($0.52) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.72) by $0.20. The company had revenue of $395.90 million for the quarter, compared to the consensus estimate of $410.04 million. During the same quarter last year, the company posted ($0.16) earnings per share. Aeropostale’s revenue was down 12.5% compared to the same quarter last year. On average, analysts predict that Aeropostale will post $-1.76 earnings per share for the current fiscal year.

Aeropostale, Inc, (NYSE:ARO) 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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