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Research analysts at Telsey Advisory Group lowered their target price on shares of Ann (NYSE:ANN) from $46.00 to $41.00 in a report released on Monday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price suggests a potential upside of 9.28% from the company’s current price.

Shares of Ann (NYSE:ANN) traded up 6.34% during mid-day trading on Monday, hitting $39.90. 667,181 shares of the company’s stock traded hands. Ann has a one year low of $30.71 and a one year high of $43.61. The stock’s 50-day moving average is $37.82 and its 200-day moving average is $38.32. The company has a market cap of $1.829 billion and a P/E ratio of 20.23.

Ann (NYSE:ANN) last released its earnings data on Friday, August 22nd. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.68 by $0.02. The company had revenue of $648.70 million for the quarter. During the same quarter last year, the company posted $0.76 earnings per share. Ann’s revenue was up 1.6% compared to the same quarter last year. On average, analysts predict that Ann will post $2.02 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ANN. Analysts at Bank of America cut their price target on shares of Ann from $48.00 to $45.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $39.81.

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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