Barclays Maintains an 'Overweight' on Aeropostale (ARO); 2Q 2011 Earnings Review

Barclays maintains an 'Overweight' on Aeropostale, Inc. (NYSE: ARO), price target of $14.00.

Barclays analyst says, "ARO reported 2Q FY11 EPS of ($0.02), above our estimate and consensus of ($0.03) and slightly better than guidance of ($0.03) to ($0.04). The $0.01 beat to our numbers was operating, due to lower-than-expected SG&A. Management provided guidance for Q3/11 of $0.09 to $0.15. We are lowering our 3Q FY11 EPS estimate to $0.15 from $0.23, 4Q to $0.43 from $0.44, FY 2011 to $0.75 from $0.82, and FY 2012 to $1.20 from $1.30."

For more ratings news on Aeropostale, Inc. click here and for the rating history of Aeropostale, Inc. click here.

Shares of Aeropostale, Inc. closed at $12.49 yesterday.

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