Jefferies & Company Reports on Aeropostale

Jefferies & Company commented on Aeropostale ARO in a report released earlier today. In the report, Jefferies was negative in its assessment of the company. Jefferies writes, "ARO's 1Q results showed a significant deceleration in fundamentals with sales and margins both down meaningfully. We believe we are in the early innings of this downward earnings revision cycle as ARO faces execution issues and a highly competitive environment combined with very low visibility." Jefferies currently has an Underperform rating on Aeropostale and a price target of $15. Shares of Aeropostale closed the trading day at $21.34, down from $21.51 at the opening bell.