Wedbush Reiterates Outperform Rating On Ann

According to Wedbush, Ann (NYSE: ANN) reiterates Outperform rating on Ann.

Wedbush said that it derives its $38 PT by applying a P/E of ~17x (inline with the 5-year average given improving sales momentum) to its F12 EPS estimate of $2.25.

Ann closed yesterday at $27.05.