Janney Montgomery Scott Reiterates Buy Rating for Ann (ANN)
Several other analysts have also recently commented on the stock. Analysts at Mizuho raised their price target on shares of Ann from $42.00 to $46.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at BlueFin Research downgraded shares of Ann from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 23rd. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.90.
Ann (NYSE:ANN) traded up 4.07% during mid-day trading on Friday, hitting $38.87. 1,835,876 shares of the company’s stock traded hands. Ann has a 1-year low of $30.11 and a 1-year high of $43.61. The stock’s 50-day moving average is $39.38 and its 200-day moving average is $36.98. The company has a market cap of $1.762 billion and a P/E ratio of 17.09.
Ann (NYSE:ANN) last released its earnings data on Friday, May 30th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.31 by $0.20. The company had revenue of $590.60 million for the quarter, compared to the consensus estimate of $598.25 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Analysts expect that Ann will post $2.37 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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