UPDATE: Wedbush Maintains Aéropostale at Overweight, Post Earnings
In a report published by Wedbush, analyst Betty Chen maintained his Outperform rating and $15.00 price target on Aéropostale (NYSE: ARO).
Wedbush reported that, “Q4 OpEPS of $0.24 (excl charges) vs. $0.44 LY beat our $0.21 & consensus' $0.22 on comps of (8)%. Sales declined (1.3) % to $797.7M with men's (4)% and women's (10)%. UPT rose +5%, AUR (7)%, and transactions (6)%. Gross margins declined (210) bp from (70) bp dip in merchandise margin and (140) bp of occupancy deleverage. Inventory (7)% psf. Cash is ~$3/share."
Shares of Aéropostale closed at $40.21 on Thursday.
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