Goldman Sachs Lowers EPS Estimates on Aeropostale (ARO)

Goldman Sachs updates its EPS estimates on Aeropostale (NYSE: ARO).

In a note to clients, Goldman Sachs writes, "Based on a lower gross margin partially offset by lower SG&A and more aggressive buyback assumptions, we are modestly lowering our below consensus 4Q10/2011/2012 EPS estimates to $0.96/$2.50/$2.79 from $1.00/$2.57/$2.83. Based on our lower estimates, we are also lowering our six-month, multiple-based price target to $25 from $26."

GS maintains its Neutral rating on ARO.

ARO is trading at $23.92.