Ann Receives Consensus Rating of “Hold” from Analysts (NYSE:ANN)
Ann (NYSE:ANN) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the stock, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $40.10.
A number of analysts have recently weighed in on ANN shares. Analysts at Mizuho cut their price target on shares of Ann from $48.00 to $40.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Ann from $41.00 to $46.00 in a research note on Monday, June 2nd. They now have a “not rated” rating on the stock.
Ann (NYSE:ANN) traded down 0.72% during mid-day trading on Friday, hitting $35.76. The stock had a trading volume of 345,619 shares. Ann has a 52 week low of $30.71 and a 52 week high of $43.61. The stock’s 50-day moving average is $39.26 and its 200-day moving average is $38.07. The company has a market cap of $1.639 billion and a P/E ratio of 19.42.
Ann (NYSE:ANN) last announced its earnings results on Friday, May 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.44 earnings per share. Ann’s revenue was up 2.8% compared to the same quarter last year. 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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