The analysts wrote, “Results early in the quarter were negatively impacted by Hurricane Sandy and the election, the former of which was compounded by ANN’s outsized exposure to the Northeast. On the fashion side, management indicated that it is pleased with its assortment at Ann Taylor, but that the assortment at Loft did not have enough neutral bottoms and featured colors that were too bright.”
A number of other firms have also recently commented on ANN. 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. Separately, analysts at Avondale Partners downgraded shares of Ann Taylor from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, February 8th. Finally, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of Ann Taylor in a research note to investors on Tuesday, January 29th. They now have a $30.00 price target on the stock.
Shares of Ann Taylor traded up 8.48% during mid-day trading on Friday, hitting $31.46. 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 $29.67. The company has a market cap of $1.501 billion and a P/E ratio of 14.05.
Ann Taylor last issued its quarterly earnings data on Friday, March 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $607.70 million for the quarter, compared to the consensus estimate of $617.82 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that Ann Taylor will post $2.00 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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