Last $35.15 USD
Change Today -0.61 / -1.71%
Volume 351.6K
ANN On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

ann inc (ANN) Snapshot

Open
$35.38
Previous Close
$35.76
Day High
$35.48
Day Low
$34.89
52 Week High
03/21/14 - $43.61
52 Week Low
01/21/15 - $31.69
Market Cap
1.6B
Average Volume 10 Days
810.5K
EPS TTM
$1.75
Shares Outstanding
45.7M
EX-Date
--
P/E TM
20.1x
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 August 2, 2014, it operated 1,040 Ann Taylor, Ann Taylor Factory, Loft, and Loft Outlet stores in 47 states, the District of Columbia, Puerto Rico, and Canada. The company also sells its products through operating anntaylor.com and LOFT.com, as well as through phone. 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.

4,550 Employees
Last Reported Date: 03/14/14
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: $700.0K
President of Brands
Total Annual Compensation: $900.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

ann inc (ANN) Key Developments

ANN Is Reportedly Exploring A Sale

ANN INC. (NYSE:ANN) is exploring a sale and has reached out to potential buyers, people with knowledge of the matter said. ANN is working with JPMorgan Chase & Co. (NYSE:JPM) and has contacted potential suitors including rival retailers in recent weeks, said the people, who asked not to be named because the talks are private. Ann is talking with at least two buyout firms, two of the people said, without naming them. Ann also has considered selling a stake or preferred shares to a private equity firm, known as a PIPE investment, another person said. Representatives for JPMorgan declined to comment and a spokesman for Ann didn’t respond to requests for comment, Bloomberg reported.

ANN INC. Elects Katie J. Bayne to Board of Directors

ANN INC. the parent company of Ann Taylor and LOFT announced that Katie J. Bayne has been elected to its Board of Directors. Ms. Bayne serves as Senior Vice President, Global Sparkling Brands at The Coca-Cola Company. Prior to her current position, Ms. Bayne served as President, North America Brands for The Coca-Cola Company. Ms. Bayne currently sits on the Board of Trustees for the American Film Institute (AFI) and the Board of Trustees of the Lovett School in Atlanta. She also serves on the Board of the Atlanta Women's Foundation.

ANN INC. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Reiterates Earnings Guidance for the Fourth Quarter and Full Year of 2014

ANN INC. reported unaudited consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $646.805 million compared to $657.532 million a year ago. Operating income was $46.727 million compared to $70.407 million a year ago. Income before income taxes was $47.062 million compared to $70.043 million a year ago. Net income was $29.856 million compared to $41.189 million a year ago. Diluted earnings per share were $0.65 compared to $0.89 a year ago. Excluding approximately $5 million pre-tax charge related to the closure of Ann Taylor's Madison Avenue store, operating income was $51.7 million. Capital expenditures $28.3 million compared with $43 million in the third quarter of 2013. Net income includes the $3.2 million, or $0.07 per diluted share, after-tax charge associated with the closure of Ann Taylor's Madison Avenue store. Excluding the effect of this charge, net income was $33.1 million, or $0.72 per diluted share. For the nine months, the company reported net sales of $1.886.057 million compared to $1.870.236 million a year ago. Operating income was $110.817 million compared to $164.298 million a year ago. Income before income taxes was $110.507 million compared to $164.572 million a year ago. Net income was $67.718 million compared to $97.750 million a year ago. Diluted earnings per share were $1.45 compared to $2.08 a year ago. Excluding the Madison Avenue and restructuring charges, operating income was $133.1 million. Net income included the after-tax impact of charges, which totaled $13.7 million or $0.29 per diluted share. Excluding the effect of these charges, net income was $81.4 million, or $1.74 per diluted share. The company reiterated earnings guidance for the fourth quarter and full year of 2014. For the fourth quarter of 2014, the company’s net sales expected to be $630 million, reflecting a comparable sales decline in the low-single digits. Gross margin rate expected to be 46.5%, which includes the impact of approximately $8 million of incremental air freight costs as a result of labor uncertainty at the West Coast ports. Effective tax rate expected to be of 41%. For the full year 2014, the company expects net sales to be $2.516 billion, reflecting a total company comparable sales decline in the low-single digits. Gross margin rate performance expected to be 51.2%, including the impact of the aforementioned approximately $13 million of incremental air freight costs. Effective tax rate expected to be 39%. Capital expenditures expected to be approximately $110 million, and this reflects the following investments: First, $35 million in support of approximately 50 new stores for both brands; second, $20 million to support approximately 20 downsizes and remodels; third, $25 million for store renovation and refurbishment programs; and finally, $30 million to support continued investment in information technology, including investments to support the company's omni-channel capabilities.

 

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Industry Analysis

ANN

Industry Average

Valuation ANN Industry Range
Price/Earnings 23.1x
Price/Sales 0.6x
Price/Book 3.2x
Price/Cash Flow 22.6x
TEV/Sales 0.6x
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