Ann Taylor Given New $32.00 Price Target at Janney Montgomery Scott (ANN)
Equities researchers at Janney Montgomery Scott upped their target price on shares of Ann Taylor (NYSE: ANN) from $30.00 to $32.00 in a report issued on Monday. The firm currently has a “neutral” rating on the stock.
Ann Taylor traded down 1.76% on Monday, hitting $30.73. Ann Taylor has a 52-week low of $23.93 and a 52-week high of $39.78. The stock’s 50-day moving average is currently $29.65. The company has a market cap of $1.432 billion and a price-to-earnings ratio of 14.90.
Ann Taylor last issued its quarterly earnings data on Friday, March 8th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.10 earnings per share. Ann Taylor’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Ann Taylor will post $2.29 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of Ann Taylor in a research note to investors on Friday. Separately, 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. Finally, 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.
Five analysts have rated the stock with a buy rating, and ten have issued a hold rating to the company’s stock. Ann Taylor has a consensus rating of “overweight” and a consensus target price of $34.67.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.