Ann Inc. Sets New 1-Year High at $38.95 (ANN)
Ann (NYSE:ANN) set a new 52-week high during trading on Thursday, AmericanBankingNews.com reports. The stock traded as high as $38.95 and last traded at $38.19, with a volume of 1,461,316 shares. The stock had previously closed at $36.56.
ANN has been the subject of a number of recent research reports. Analysts at Jefferies Group upgraded shares of Ann from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $45.00 price target on the stock, up previously from $34.00. Separately, analysts at Thomson Reuters/Verus downgraded shares of Ann from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 16th. Finally, analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of Ann in a research note to investors on Friday, November 22nd. They now have a $33.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $36.98.
Ann has a 52-week low of $26.95 and a 52-week high of $37.40. The stock’s 50-day moving average is $36.03 and its 200-day moving average is $34.5. The company has a market cap of $1.724 billion and a P/E ratio of 17.28.
Ann (NYSE:ANN) last posted its quarterly earnings results on Friday, November 22nd. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.03. The company had revenue of $657.50 million for the quarter, compared to the consensus estimate of $654.25 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Ann will post $2.24 EPS 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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