Piper Jaffray reaffirmed their overweight rating on shares of Ann Taylor (NYSE: ANN) in a report issued on Friday.

“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.,” the firm’s analyst commented.

Piper Jaffray has also taken action a number of other services stocks recently. The firm lowered its price target on shares of Ross Stores to $71.00. Also, Piper Jaffray raised its price target on shares of Hot Topic from $12.00 to $14.00.

Shares of Ann Taylor opened at 30.73 on Friday. 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 $29.61. The company has a market cap of $1.432 billion and a P/E ratio of 14.63.

ANN has been the subject of a number of other recent research reports. 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.

Five investment analysts have rated the stock with a buy rating, and ten have given a hold rating to the company’s stock. The stock currently has a consensus rating of overweight and an average target price of $34.83.

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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