(ARO) Aeropostale, Inc. – Aggressive Growth – Zacks Rank Buy

June 8th, 2009

Aeropostale, Inc. (ARO), the casual apparel retailer that targets teenagers, bucked the gloomy retail trend by reporting record May sales on June 4 that blew by the competition.

Sales in May jumped 30% to $132.9 million from $102.3 million in the year ago period. Same store sales surged 19% compared to a gain of just 6% in May 2008. The company said that its summer collection was selling well and that its merchandise margins in May increased over last year.

The May results were not a one time occurrence as sales are up 23% to $541 million year to date compared to the same period in 2008.

Covering analysts have liked what they’ve seen from the company for the past month as fiscal 2009 consensus estimates rose 17.9% to $2.76 from $2.34 per share. Analysts expect year over year earnings growth of 24.74%.

Aeropostale is a Zacks #1 Rank (strong buy) stock. It has a PEG ratio of just 0.88.

The stock has been hot since last November.

Zacks Investment Research

View original at: Zacks.com News Feed

More on this topic (What's this?)
Aeropostale opens in Dubai, the perfect platform (tradeflow21.com, 4/1/09)
Aeropostale Thriving In The Recession (Top Gun Financial Planning, 8/17/09)
A Retailer That’s Bucking the Trend (The Iconoclast Investor, 10/6/09)
Analyst Actions: S, VMW, ARO, DIS, AGN (Stock Wizard, 8/16/11)
Read more on Aeropostale at Wikinvest

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