Ann Upgraded to “Buy” by Jefferies Group (ANN)
Ann (NYSE:ANN) was upgraded by research analysts at Jefferies Group from a “hold” rating to a “buy” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
Shares of Ann (NYSE:ANN) opened at 36.56 on Thursday. Ann has a one year low of $26.95 and a one year 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 $1.646 billion and a price-to-earnings ratio of 17.50.
Ann (NYSE:ANN) last issued its quarterly earnings data on Friday, November 22nd. The company reported $0.89 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Ann will post $2.24 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ANN. 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. Separately, 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. Finally, analysts at FBR Capital Markets reiterated a “hold” rating on shares of Ann in a research note to investors on Sunday, November 17th. They now have a $38.00 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’s stock. Ann has a consensus rating of “Hold” and a consensus target price of $36.41.
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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