FBR Capital Markets Increases Ann Price Target to $38.00 (ANN)
Equities research analysts at FBR Capital Markets increased their price objective on shares of Ann (NYSE:ANN) from $33.00 to $38.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 7.41% from the company’s current price.
ANN has been the subject of a number of other recent research reports. Analysts at Nomura initiated coverage on shares of Ann (NYSE:ANN) in a research note to investors on Monday. They set a “neutral” rating and a $36.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of Ann (NYSE:ANN) to $40.00 in a research note to investors on Wednesday, August 28th. Finally, analysts at Wedbush raised their price target on shares of Ann (NYSE:ANN) from $36.00 to $38.00 in a research note to investors on Friday, August 23rd.
Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Ann currently has an average rating of “Hold” and an average target price of $37.25.
Shares of Ann (NYSE:ANN) opened at 35.38 on Friday. Ann has a 52-week low of $26.95 and a 52-week high of $39.66. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $31.4. The company has a market cap of $1.589 billion and a price-to-earnings ratio of 16.99.
Ann (NYSE:ANN) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.65 by $0.11. The company had revenue of $638.20 million for the quarter, compared to the consensus estimate of $639.38 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Ann will post $2.23 earnings per share for the current fiscal year.
ANN INC., through its wholly owned subsidiaries, is a specialty retailer of women’s apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands.
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