New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 19, 2014
11:53 EDTAEO, ANF, URBN, AROAeropostale soars as Geiger returns as CEO
Shares of teen apparel and accessory retailer Aeropostale (ARO) are soaring after the company announced that former Chief Executive Officer Julian Geiger is set to return to his previous position. The retailer also provided second quarter guidance. WHAT'S NEW: Aeropostale's former CEO, Julian Geiger, is taking over effective immediately, the company announced yesterday. Thomas Johnson is leaving the board of directors and will also step down from his role as CEO. Johnson plans to remain available to ensure a smooth transition, the company said. Geiger was chairman and CEO from 1998-2010, when he was replaced with Johnson, and was the CEO and president of Crumbs (CRMBQ) from 2011-2013. WHAT'S NOTABLE: For the second quarter, Aeropostale forecast adjusted EPS of (45c)-(42c), topping analysts' consensus of (58c). Previously, the retailer was anticipating a Q2 loss of (61c)-(55c). Aeropostale anticipates Q2 revenue of $396.2M, which is higher than analysts' $395.44M consensus. Comparable sales, including the e-commerce channel, for Q2 decreased 13% vs. last year. Aeropostale is set to report Q2 earnings on August 21. ANALYST REACTION: Wells Fargo analyst Paul Lejuez feels that the return of Geiger will not aid in the company's future improvement. He feels that Geiger knows Aeropostale better than anyone, but he does not know what he could do to change its current market position. Lejuez says that the retailer is struggling to reinvent itself as a clothing brand and growth potential is still limited. The analyst says that valuation risks include the retailer alienating its core customer even more, failing to attract new customers and that its systems infrastructure could be insufficient. The firm maintains a Market Perform rating on the stock. Piper Jaffrey analyst Stephanie Wissink says that her perspective remains unchanged following Aeropostale's latest announcements. She said that while some investors could view the return of Geiger as a positive move, he comes to the retailers in a different stage of his life. Wissink feels that Aeropostale's business is not decreasing, but its not increasing either. The firm maintains a price target of $4 and Neutral rating on the shares. PRICE ACTION: During late morning trading, shares of Aeropostale rose 78c or 24.07%, to $4.02. OTHERS TO WATCH: Aeropostale peers include Abercrombie & Fitch (ANF), American Eagle Outfitters (AEO) and Urban Outfitters (URBN).
News For ARO;ANF;AEO;URBN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 25, 2015
20:25 EDTURBNUrban Outfitters could be more attractive, Barron's says
Urban Outfitters shares could be more attractive if the company can stabilize the namesake brand, Barron's contends in its 'The Trader' column. If the brand continues to recover, then the stock will too, the paper adds. Reference Link
January 21, 2015
11:23 EDTANFSnow Capital reports 5.1% passive stake in Abercrombie & Fitch
January 13, 2015
08:43 EDTAEOAmerican Eagle has reached positive turning point, says BMO Capital
Subscribe for More Information
January 12, 2015
10:58 EDTAEOAmerican Eagle says expects to end year with cash around $400M
10:40 EDTAEOAmerican Eagle repeats Q4 EPS view 32c-34c, 25% growth vs. last year's Q4
Subscribe for More Information
09:19 EDTURBNMorgan Stanley events at 17th Annual ICR XChange Conference
Company Meetings to be held at the 17th Annual ICR XChange Conference in Orlando, Florida on January 12-13.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use