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Last $45.68 USD
Change Today +0.02 / 0.04%
Volume 454.5K
ANN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

ann inc (ANN) Snapshot

Open
$45.70
Previous Close
$45.66
Day High
$45.77
Day Low
$45.57
52 Week High
06/23/15 - $48.95
52 Week Low
01/21/15 - $31.69
Market Cap
2.1B
Average Volume 10 Days
889.1K
EPS TTM
$1.73
Shares Outstanding
46.1M
EX-Date
--
P/E TM
26.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for ANN INC (ANN)

ann inc (ANN) Details

ANN INC., through its subsidiaries, engages in the retailing of women’s apparel, shoes, and accessories under the Ann Taylor and LOFT brands. As of March 13, 2015, it operated 1,030 retail stores in 47 states, the District of Columbia, Puerto Rico, and Canada comprising 245 Ann Taylor stores, 537 LOFT stores, 116 Ann Taylor Factory stores, 127 LOFT Outlet stores, and 5 Lou & Grey stores. ANN INC. also sells its products through its anntaylor.com and LOFT.com Websites; through phone; and three LOFT franchise locations in Mexico. The company was formerly known as AnnTaylor Stores Corporation and changed its name to ANN INC. in March 2011. ANN INC. was founded in 1954 and is headquartered in New York, New York.

4,250 Employees
Last Reported Date: 03/13/15
Founded in 1954

ann inc (ANN) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $1.2M
Chief Financial Officer, Chief Operating Offi...
Total Annual Compensation: $743.8K
President of Brands
Total Annual Compensation: $987.5K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

ann inc (ANN) Key Developments

Ann Inc.'s Investors Files Lawsuit Against Acquisition of Company by Ascena Retail Group

The Shareholders Foundation Inc. announced that an investor filed a lawsuit against the proposed acquisition of Ann Inc. by ascena retail group for a value of $47.00 per share. Investors, who purchased shares of Ann Inc. prior to May 18, 2015, and currently hold any of those ANN shares, have certain options and should contact the Shareholders Foundation Inc. The plaintiff alleges that the defendants breached their fiduciary duties owed to ANN stockholders by agreeing to sell Ann Inc. too cheaply through an unfair process to ascena retail group, inc. On May 18, 2015, ascena retail group, inc. and Ann Inc. announced that they have entered into a merger agreement under which ascena will acquire Ann Inc. for a combination of cash and stock in an accretive transaction. Upon closing, Ann Inc. stockholders will receive $37.34 in cash and 0.68 of a share of ascena common stock in exchange for each share of Ann Inc. common stock. Based upon the closing price of ascena stock on May 15, 2015, this implies a price per share of $47.00. However, the plaintiff claims that the proposed consideration ANN shareholders will receive is grossly inadequate and undervalues Ann Inc. Indeed, at least one analyst has set the high target price for shares at $48.00 per share. In addition, the plaintiff claims that the process is also unfair to stockholders.

ANN INC. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended May 2, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2015

ANN INC. reported unaudited consolidated earnings results for the first quarter ended May 2, 2015. For the quarter, net sales of $597,726,000 compared with net sales of $590,592,000 in the first quarter of fiscal 2014. Operating income was $22,571,000 against $9,217,000 a year ago. Income before income taxes was $23,230,000 compared to $8,745,000 for the same period a year ago. Net income was $13,552,000 compared to $5,183,000 for the same period a year ago. Diluted earnings per share were $0.29 compared to $0.11 for the same period a year ago. For the fiscal second quarter of 2015, the company expects total net sales to be $660 million, reflecting total Company comparable sales that are slightly positive compared to the fiscal second quarter of 2014; Gross margin rate performance is expected to be 51.5%; Selling, general and administrative expenses to be $285 million; and effective tax rate to be 41%. For the full year of fiscal 2015, the company expects total net sales to be $2.560 million, reflecting a total Company comparable sales increase in the low-single digits; Gross margin rate performance is expected to be 51.5%; Selling, general and administrative expenses to be $1.160 million; effective tax rate to be 40.5% and capital expenditures to be approximately $85 million.

ANN INC., Ascena Retail Group Inc. - M&A Call

To discuss the acquisition of ANN INC

 

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Industry Analysis

ANN

Industry Average

Valuation ANN Industry Range
Price/Earnings 27.7x
Price/Sales 0.8x
Price/Book 3.9x
Price/Cash Flow 27.5x
TEV/Sales 0.8x
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