NEW YORK ( TheStreet) -- Aeropostale ( ARO) shares were surging 17% after Hummingbird LLC disclosed in a regulatory filing that it purchased nearly an 8% stake in the teen retailer. Hummingbird is indirectly owned by Sycamore Partners, a New York-based private-equity fund focused on consumer and retail investments,which owns Hot Topic and Talbots. Sycamore has approximately $1 billion in capital under management as of June 2013, according to its Web site. According to a Securities and Exchange Commission13D filing on Tuesday, Hummingbird acquired 6.25 million shares, or 7.96%, of Aeropostale's common stock.
Read: Unwarranted Apple Hate Aeropostale reported an adjusted loss of 34 cents a share for the second quarter. Analysts were expecting a loss of 24 cents a share. The retailer said net sales dropped 6% in the quarter to $454 million, while comparable-store sales plunged 15% compared to the same period a year earlier. Aeropostale joins the likes of the teen retail segment, including Abercombie & Fitch ( ANF) and American Eagle Outfitters ( AEO), which reported dismal earnings and weak outlooks for the rest of the year as their target segment spends their dollars elsewhere. -- Written by Laurie Kulikowski in New York. Follow @LKulikowski To contact Laurie Kulikowski, send an email to: Laurie.Kulikowski@thestreet.com. >To submit a news tip, email: email@example.com. Follow TheStreet on Twitter and become a fan on Facebook.