Aeropostale Shoots Higher
Symbols: ARO
Posted in: Analyst Color, Earnings, Upgrades, Guidance, Price Target, Options, Movers, Trading Ideas
Teen retailer, Aeropostale (NYSE: ARO), is shooting higher this morning after earnings dramatically beat Street estimates. The company reported that Q4 EPS came in at $0.99, $0.04 better than the consensus. The revenue number was equally a beat with $801.2 million versus $797.7 consensus.
Aeropostale seems to be firing on all cylinders here and many analysts are jumping on the bandwagon; today the stock was upgraded by Morgan Stanley and Piper Jaffray upgraded to “neutral” from “underweight with a $31 price target.”
The chart looks bullish, but I would not jump in with two feet here as it has more or less gone parabolic and I feel that the stock can drift lower and volatility will compress in the name.
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