Stifel Nicolaus reiterated its Aeropostale ARO Buy rating and $30 price target in a research report published today.
In the report, Stifel Nicolaus states, "Aéropostale, Inc. reported 4Q EPS of $0.95 versus $0.99. This year's EPS includes a negative impact of $0.03 from a higher than expected tax rate. Excluding this, EPS would have been $0.98, $0.01 above our estimate and $0.02 above consensus. The “beat” versus our estimate was due to greater than expected share repurchasing partially offset by higher SG&A as a percentage of sales. Fashion misses and the effect of a highly promotional holiday season held back results for ARO."
Shares of Aeropostale were trading at $22.36 at the time of posting, down 9.22% from Thursday's market close.
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