The New York Postreported that the teen apparel retailer hired Barclays Capital as a strategic advisor and that management wants to remain publicly traded.
The move comes after two high-profile specialty retail acquisitions by private equity -- J.Crew (JCG) and Gymboree.
The reports are sending shares of Aeropostale climbing 6.4% to $25.10 in morning trading,Aeropostale has faced some difficulties in the second half of the year, reporting a 1% decline in same-store sales in November, its second consecutive monthly drop. Indeed, Aeropostale is showing many of the classic signs of a buyout target, said Wall Street Strategies analyst Brian Sozzi. "Am I surprised? No. There are poor