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Aeropostale, Inc. Investor Investigation Over Possible Violations Of Securities Laws

  • If you purchased shares of Aeropostale, Inc. (NYSE: ARO), and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Aeropostale, Inc.
Security
NYSE: ARO

Summary

San Diego, Oct. 10, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Aeropostale, Inc. (NYSE: ARO) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Aeropostale, Inc. (NYSE:ARO) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements made between February 3, 2011 and August 3, 2011 regarding Aeropostales business, its prospects and its operations were potentially materially false and misleading at the time they were made. Specifically, the investigation seeks to determine whether Aeropostale knew but failed to timely disclose that it was experiencing declining demand for its womens fashion division.

Aeropostales 52week Total Revenue rose from $1.59billion reported on Feb. 2, 2008 to $2.4billion reported on Jan. 29, 2011 and its Net Income over the same time frame increased from $129.20million to $231.34million.

Shares of Aeropostale, Inc. (Public, NYSE:ARO) rose over the 3:2 split on March 5, 2010 to as high as $31.88 on April 23, 2010, respectively $30.88 on July 23, 2010.

Then in September 2010 ARO stocks took a dive from almost $31 in July to almost $22 on September 3, 2010. ARO shares closed 2010 at $24.64 per share. In the first months of 2011 Aeropostale, Inc. shares rose to $26.64 on February 18, respectively $26.03 on April 15, 2011.On

On August 3, 2011, Aeropostale, Inc. announced updated expectations for the second quarter. Aeropostale, Inc said that for the second quarter of fiscal 2011 net sales decreased 5% to $468.2 million, from $494.7 million in the year ago period and that the Company expects net earnings to be in the range of $0.02 to $0.03 per share.

On August 18, 2011 Aeropostale, Inc announced its second quarter results. Aeropostale, Inc confirmed its on August 3, 2011 expected numbers for the second quarter 2011 and also issued a third quarter 2011 EPS guidance, which is below analysts estimates.

Following the announcements ARO shares fell from $16.52 per share on August 3, 2011 to $12.53 on August 4, 2011 and continued to decline to as low as $9.31 on Sept. 22, 2011.

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