Aeropostale (ARO) Numbers Cut at Jefferies Post Q4
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Rating Summary:
5 Buy, 25 Hold, 2 Sell
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Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
5 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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Jefferies analyst Randal Konik reiterated a Hold rating, lowered estimates and lowered his price target on Aeropostale, Inc. (NYSE: ARO) from $7 to $6 following disappointing fourth quarter results.
Konik said, "It was another disappointing quarter for ARO and the outlook is more daunting. Share losses continue to mount with no end in sight, and cash levels remain concerning. The just-announced capital infusion from Sycamore Partners provides a liquidity cushion, but nonetheless, we have extremely low visibility on when a turnaround might occur, despite management's numerous efforts to right the ship."
The firm cut Q1 EPS from ($0.10) to ($0.72) and FY 2014 from ($0.47) to ($1.25).
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 $7.30 yesterday.
Konik said, "It was another disappointing quarter for ARO and the outlook is more daunting. Share losses continue to mount with no end in sight, and cash levels remain concerning. The just-announced capital infusion from Sycamore Partners provides a liquidity cushion, but nonetheless, we have extremely low visibility on when a turnaround might occur, despite management's numerous efforts to right the ship."
The firm cut Q1 EPS from ($0.10) to ($0.72) and FY 2014 from ($0.47) to ($1.25).
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 $7.30 yesterday.
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