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Bank of America dropped their target price on shares of Ann (NYSE:ANN) from $48.00 to $45.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Bank of America’s price target would indicate a potential upside of 19.94% from the stock’s previous close.

Shares of Ann (NYSE:ANN) opened at 37.52 on Monday. Ann has a 1-year low of $30.71 and a 1-year high of $43.61. The stock has a 50-day moving average of $37.82 and a 200-day moving average of $38.32. The company has a market cap of $1.720 billion and a price-to-earnings ratio of 20.23.

Ann (NYSE:ANN) last posted its quarterly earnings results on Friday, August 22nd. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.02. The company had revenue of $648.70 million for the quarter. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Ann will post $2.02 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Ann from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 12th. They now have a $34.90 price target on the stock. Separately, analysts at Mizuho cut their price target on shares of Ann from $48.00 to $40.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Finally, 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 five have issued a buy rating to the stock. Ann currently has a consensus rating of “Hold” and an average target price of $40.26.

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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