Aeropostale (ARO) Previews ARO BTS Merchandise; Jefferies Reiterates Hold

Jefferies maintains a Hold rating and $2.50 price target on Aeropostale, Inc. (NYSE: ARO) after attending the ARO BTS merchandise preview. Analyst Randal Konik views one of the biggest changes for BTS is the plan to reduce SKU counts, while increasing the inventory depth behind each item.

Konik commented, "We attended the ARO BTS merchandise preview, hosted by key members of the mgmt team, including CEO Julian Geiger. Mgmt was optimistic about the BTS product & the potential for meaningful improvement in 2H. Still, we feel that the turn will be gradual, and see visibility as limited. Further, while inventory allocation processes have been improved, we still see some risk to margins with inventory units planned up for BTS. We continue to rate the shares as Hold."

For an analyst ratings summary and ratings history on Aeropostale, Inc. click here. For more ratings news on Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $1.79 yesterday.

You May Also Be Interested In

• Amazon.com (AMZN) PT Raised to $215 at UBS
• Acrivon Therapeutics Inc (ACRV) PT Raised to $30 at Piper Sandler
• TechnipFMC (FTI) PT Raised to $30 at BTIG