Ann PT Raised to $41.00 (ANN)
Investment analysts at FBR Capital Markets lifted their price target on shares of Ann (NYSE:ANN) from $38.00 to $41.00 in a note issued to investors on Tuesday, ARN reports. The firm currently has a “market perform” rating on the stock. FBR Capital Markets’ price target would indicate a potential upside of 7.89% from the company’s current price.
A number of other firms have also recently commented on ANN. Analysts at Jefferies Group upgraded shares of Ann from a “hold” rating to a “buy” rating in a research note to investors on Thursday, January 2nd. 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 research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $37.18.
Shares of Ann (NYSE:ANN) traded down 0.55% on Tuesday, hitting $38.00. The stock had a trading volume of 700,085 shares. Ann has a 1-year low of $26.95 and a 1-year high of $39.13. The stock’s 50-day moving average is $36.2 and its 200-day moving average is $34.80. The company has a market cap of $1.710 billion and a price-to-earnings ratio of 18.06.
Ann (NYSE:ANN) last issued its quarterly earnings data 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 prior year, the company posted $0.76 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 $2.24 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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