Nomura Securities Maintains a 'Neutral' on Aeropostale (ARO); Raising Numbers, But 2012 Expectations Are High
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Price: $0.15 --0%
Rating Summary:
5 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Aeropostale, Inc. (NYSE: ARO) price target raised from $16 to $18.
Analyst, Paul Lejuez, said, "ARO reported 4Q EPS of $0.44 (excl charges), $0.06 above cons of $0.38, the high end of their guidance of $0.35-$0.38, and vs. our est $0.35. We are raising our F12E EPS from $1.01 to $1.22, on higher comp assumptions and introducing F13E of $1.59. We are raising our TP to $18 on ~15x our F12E EPS of $1.22, slightly below the softlines group median. Although it sounds like the year has started off well, expectations are fairly high (ARO +24% YTD vs. the grp +16%). ARO is making significant changes to product and mktg, but it is too early to tell whether the changes will resonate with consumers. We believe the risk/reward is balanced."
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 $18.95 yesterday.
Analyst, Paul Lejuez, said, "ARO reported 4Q EPS of $0.44 (excl charges), $0.06 above cons of $0.38, the high end of their guidance of $0.35-$0.38, and vs. our est $0.35. We are raising our F12E EPS from $1.01 to $1.22, on higher comp assumptions and introducing F13E of $1.59. We are raising our TP to $18 on ~15x our F12E EPS of $1.22, slightly below the softlines group median. Although it sounds like the year has started off well, expectations are fairly high (ARO +24% YTD vs. the grp +16%). ARO is making significant changes to product and mktg, but it is too early to tell whether the changes will resonate with consumers. We believe the risk/reward is balanced."
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 $18.95 yesterday.
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