Nomura Reaffirms Buy Rating on AnnTaylor Stores Corp. (ANN)

By admin | 6 years ago

AnnTaylor Stores Corp. (NYSE: ANN)‘s stock had its “buy” rating restated by equities researchers at Nomura (NYSE: NMR) in a report issued on Monday.

AnnTaylor Stores Corp. traded up 0.67% on Monday, hitting $26.89. AnnTaylor Stores Corp. has a 52-week low of $19.00 and a 52-week high of $32.49. The company has a market cap of $1.289 billion and a price-to-earnings ratio of 15.77.

AnnTaylor Stores Corp. last posted its quarterly earnings results on Friday, May 18th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.07. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that AnnTaylor Stores Corp. will post $0.73 EPS next quarter.

ANN has been the subject of a number of other recent research reports. Analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of AnnTaylor Stores Corp. from $27.00 to $30.00 in a research note to investors on Monday, March 12nd. They now have an “outperform” rating on the stock. Separately, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of AnnTaylor Stores Corp. in a research note to investors on Friday, March 9th. Finally, analysts at SunTrust (NYSE: STI) upgraded shares of AnnTaylor Stores Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, March 2nd.

ANN INC, formerly AnnTaylor Stores Corporation, 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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