BlueFin Research Downgrades Ann to Market Perform (ANN)
Ann (NYSE:ANN) was downgraded by equities researchers at BlueFin Research from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, ARN reports.
Several other analysts have also recently commented on the stock. Analysts at Oppenheimer downgraded shares of Ann from an “outperform” rating to a “market perform” rating in a research note on Monday, April 7th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Macquarie upgraded shares of Ann from a “neutral” rating to an “outperform” rating in a research note on Friday, April 4th. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus downgraded shares of Ann from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $38.98.
Ann (NYSE:ANN) opened at 38.76 on Wednesday. Ann has a 52-week low of $27.69 and a 52-week high of $43.61. The stock has a 50-day moving average of $39.10 and a 200-day moving average of $36.09. The company has a market cap of $1.757 billion and a P/E ratio of 18.08.
Ann (NYSE:ANN) last posted its quarterly earnings results on Friday, March 14th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.03. The company had revenue of $623.30 million for the quarter, compared to the consensus estimate of $623.82 million. During the same quarter last year, the company posted $0.05 earnings per share. Ann’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Ann will post $2.40 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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