Ann Taylor (NYSE: ANN) had its price target boosted by JPMorgan Chase from $30.00 to $32.00 in a research report sent to investors on Friday morning. The firm currently has a neutral rating on the stock.
“We continue to believe ANN has several company specific initiatives to help them works toward at least 10% EBIT margins including: 1) an ongoing mix shift driven by expansion of the accretive factory/outlet channel, 2) continued growth in ecommerce penetration and a significant emphasis placed on the multi-channel opportunity (should benefit from recent systems upgrades and pooled inventory initiative), and 3) store remodel program that has driven in excess of 50% productivity per box. However, we remain sidelined on shares as we await greater visibility on the company’s ability to return to prior topline levels as they make the necessary changes to the merchandise assortment.,” the firm’s analyst wrote.
Shares of Ann Taylor (NYSE: ANN) opened at 30.81 on Friday. Ann Taylor has a one year low of $23.93 and a one year high of $39.78. The stock’s 50-day moving average is currently $29.50. The company has a market cap of $1.415 billion and a P/E ratio of 14.65.
A number of other firms have also recently commented on ANN. Analysts at Janney Montgomery Scott raised their price target on shares of Ann Taylor from $30.00 to $32.00 in a research note to investors on Monday, March 11th. They now have a neutral rating on the stock. Separately, analysts at Piper Jaffray reiterated an overweight rating on shares of Ann Taylor in a research note to investors on Friday, March 8th. Finally, analysts at Zacks downgraded shares of Ann Taylor from a neutral rating to an underperform rating in a research note to investors on Tuesday, February 12th. They now have a $27.10 price target on the stock.
One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $37.28.
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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