AnnTaylor Stores' (NYSE:ANN) LOFT Continues to Impress

Citing the LOFT of AnnTaylor Stores (NYSE:ANN) and its ability to get the right balance of core products in the stores, FBR Capital says they remain impressed with AnnTaylor.

FBR said, "We attended the Ann Taylor spring line preview in New York on December 14, 2010, at the company’s headquarters...Ann Taylor Stores assortment looks tremendous...We think LOFT looks great, too. LOFT emphasized having the right balance of updated core items with fashion...Ann Taylor appears to get the fashion change others are struggling with...Flat cost for 1H11 and fabric prepositioned for 2H."

FBR Capital maintains an "Outperform/Top Pick" rating on AnnTaylor Stores, which closed Tuesday at $27.12, up $0.85, or 3.24 percent. FBR has a price target of $30 on them.