Ann Inc (NYSE:ANN) moved up to the record high since 2007 after announcing profit that surpassed analysts’ forecasts and boosting its full-year revenue estimates.
Ann, owner of the Ann Taylor and LOFT clothing brands, surged 20% to settle in New York at $33.89 and marked the highest one day price since October 2007. Shares of the company had surged 14% current year through Thursday.
Ann reported on Friday that net income in the three months period finished July 28 climbed 24% to $30.7 million or 63 cents per share, from $24.8 million or 47 cents per share previous year. Bloomberg compiled average forecasts confirms that analysts anticipated 51 cents.
Ann reported that revenue for the year would climb to $2.39 billion, evaluated against an earlier forecast of $2.38 billion. Bloomberg compiled 15 analysts average forecasts confirms that analysts had anticipated $2.38 billion.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. New York & Company, Inc. NYSE:NWY) rose +2.89% to settle at $3.91, Coldwater Creek Inc (NASDAQ:CWTR) moved down -0.94% to end at $0.525 while Limited Brands, Inc (NYSE:LTD) jumped +1.33% to finish on Friday at $49.51.
Ann Inc (NYSE:ANN) last session volume of 9.34 million shares was surprisingly higher than its average volume of 999,914.00 shares. The stock after opening at $32.39 hit high price of $34.38 and then closed at $33.89 by scoring +20.43%.
The liquidity measure in recent quarter results of the company was recorded 1.59 as current ratio and on the other side the debt to equity ratio was 0.00 and long-term debt to equity ratio also remained 0.00. The Company had total cash at hand $106.15 million and a book value per share as $7.71 in the most recent quarter.
The stock price volatility was 2.64% for a week and 2.46% for a month as well as price volatility’s Average True Range for 14 days was 1.07 and its beta remained 1.78.
ANN generated revenue of 2.25 billion in the following twelve months and earned $86.55 million. The Company showed a positive 3.91% in the net profit margin and as well as in its operating margin which remained 6.44%. Company’s annual sales growth for the past five year was -1.14%.
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