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ARO, PSUN, AEO, ANF: Teen Apparel Stocks Have Tough Day

Challenging economic conditions are changing buying trends


AeropostaleThursday found teen-oriented apparel retail stocks struggling as investors pondered weaker sales and shifting consumer buying habits ahead of some quarterly earnings announcements.

Mall clothing staple Aeropostale (ARO) will announce its fourth-quarter results on Mar. 13. The retailer has lost money for four consecutive quarters and was the subject of buyout rumors in January. ARO stock fell about 3% in Thursday morning trading. ARO stock has dropped more than 40% over the last 12 months.

3 Fashion and Apparel Stocks to Buy Now
3 Fashion and Apparel Stocks to Buy Now

Pacific Sunwear of California (PSUN) will report quarterly results on Mar. 18. PSUN stock sank about 2%. PSUN stock has gained more than 30% over the past year.

American Eagle Outfitters (AEO) declared quarterly cash dividend of $0.125 per share on Mar. 5. The dividend will be paid on Apr. 16. AEO will post fourth-quarter earnings on Mar. 11. It’s former CEO Robert Hanson abruptly stepped down in January following reports of poor holiday sales at the retailer. AEO stock slipped more than 1% on Thursday. AEO stock is down more than 28% over the past 12 months.

Last month, Abercrombie & Fitch (ANF) reported sharply lower fourth-quarter earnings, but still topped analysts forecasts. ANF stock sank more than 1% on Thursday. ANF stock has declined more than 10% over the past year.

A number of teen apparel retailers have seen their sales slide as consumers increasingly avoid once-trendy shops and their high prices.

Article printed from InvestorPlace Media,

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