Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of fashion-forward clothier Aeropostale
So what: The company said that sales in the most recent quarter, which ended in April, dropped 7% and that earnings per share would be around $0.20, below a previous outlook range of $0.35 to $0.38. At least one analyst from Brean Murray Carret & Co. downgraded the stock after the announcement.
Now what: The fashion market is fickle, and it appears that Aeropostale is very out of style right now. Today's news was also mixed from competitor gap Gap
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