SAC Capital Boosts AnnTaylor Stores Position ~ market folly

Thursday, March 7, 2013

SAC Capital Boosts AnnTaylor Stores Position

Steve Cohen's hedge fund SAC Capital recently filed a 13G with the SEC regarding shares of AnnTaylor Stores (ANN).  Per the filing, SAC has revealed a 5.3% ownership stake in the company with 2,582,551 shares.

This marks a massive increase in the number of shares they've owned since the end of 2012.  They previously owned 544,451 shares.

Per Google Finance, AnnTaylor Stores is "a specialty retailer of women’s apparel, shoes and accessories sold primarily under the Ann Taylor and LOFT brands. The Company’s Ann Taylor and LOFT brands offers a range of career and casual separates, dresses, tops, weekend wear, shoes and accessories."

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