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Ann (NYSE:ANN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $34.90 target price on the stock. Zacks‘s price objective would suggest a potential downside of 5.01% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Ann has an average rating of “Hold” and a consensus price target of $39.63.

Ann (NYSE:ANN) traded down 0.95% on Tuesday, hitting $36.39. The stock had a trading volume of 576,051 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 $38.93 and its 200-day moving average is $38.10. The company has a market cap of $1.668 billion and a P/E ratio of 19.81.

Ann (NYSE:ANN) last announced its earnings results on Friday, May 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Analysts expect that Ann will post $2.12 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.

To view Zacks’ full report, visit Zacks’ official website.

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