Nomura Securities Maintains a 'Buy' on Ann Inc (ANN); Q1 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: 12 | Down: 23 | New: 22
Rating Summary:
4 Buy, 15 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Nomura Securities maintains a 'Buy' on Ann Inc (NYSE: ANN) price target of $31.00.
Analyst, Paul Lejuez, said, "1Q was good relative to expectations and the company is on track to exceed consensus estimates in F12 ($2.01). Loft continues to post strong results, and while Ann Taylor Stores (ATS) posted a weak comp, GM improved (at ATS), and trends have improved significantly in 2Q with the addition of lower opening price points. The mix shift toward lower opening price pt items was highly successful at Loft, and we believe they can have a similar effect at ATS. F12E/F13E EPS of $2.09/ $2.46 is unchanged. We maintain a Buy given the stock is trading at ~4.5x our F12E EBITDA vs. the softlines group at ~6x."
For an analyst ratings summary and ratings history on AnnTaylor Stores click here. For more ratings news on Ann Inc click here.
Shares of Ann Inc closed at $26.68 yesterday.
Analyst, Paul Lejuez, said, "1Q was good relative to expectations and the company is on track to exceed consensus estimates in F12 ($2.01). Loft continues to post strong results, and while Ann Taylor Stores (ATS) posted a weak comp, GM improved (at ATS), and trends have improved significantly in 2Q with the addition of lower opening price points. The mix shift toward lower opening price pt items was highly successful at Loft, and we believe they can have a similar effect at ATS. F12E/F13E EPS of $2.09/ $2.46 is unchanged. We maintain a Buy given the stock is trading at ~4.5x our F12E EBITDA vs. the softlines group at ~6x."
For an analyst ratings summary and ratings history on AnnTaylor Stores click here. For more ratings news on Ann Inc click here.
Shares of Ann Inc closed at $26.68 yesterday.
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