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
Interested in more info on Aeropostale? Add it to your watchlist.
Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
The Fool owns shares of Aeropostale. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.