Nomura Securities Reiterates a 'Buy' on AnnTaylor Stores (ANN); Q4 Review
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Price: $44.89 --0%
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities reiterates a 'Buy' on AnnTaylor Stores (NYSE: ANN) price target of $31.00.
Analyst, Paul Lejuez, said, "After a tough 4Q at the Ann Taylor Stores (ATS) division, mgmt has made some important strategy changes for F12, which we think will help business trends as the year progresses. The assortment changes it is making (adjusting the mix to include more opening price pt items) were highly successful at Loft LY, and we believe it can have a similar effect at ATS without cheapening the brand or cannibalizing Loft sales. Our F12E EPS of $2.09 remains unchanged. We are also introducing our F13E EPS of $2.46. Loft, Ecomm and outlets (both ATS and Loft) continue to perform very well, and the smaller ATS division is improving. If both concepts perform well, the company could again be on the path to double-digit operating margins long term."
For an analyst ratings summary and ratings history on AnnTaylor Stores click here. For more ratings news on AnnTaylor Stores click here.
Shares of AnnTaylor Stores closed at $27.41 yesterday.
Analyst, Paul Lejuez, said, "After a tough 4Q at the Ann Taylor Stores (ATS) division, mgmt has made some important strategy changes for F12, which we think will help business trends as the year progresses. The assortment changes it is making (adjusting the mix to include more opening price pt items) were highly successful at Loft LY, and we believe it can have a similar effect at ATS without cheapening the brand or cannibalizing Loft sales. Our F12E EPS of $2.09 remains unchanged. We are also introducing our F13E EPS of $2.46. Loft, Ecomm and outlets (both ATS and Loft) continue to perform very well, and the smaller ATS division is improving. If both concepts perform well, the company could again be on the path to double-digit operating margins long term."
For an analyst ratings summary and ratings history on AnnTaylor Stores click here. For more ratings news on AnnTaylor Stores click here.
Shares of AnnTaylor Stores closed at $27.41 yesterday.
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