KeyCorp Reiterates “Hold” Rating for Ascena Retail Group, Inc. (ASNA)

KeyCorp reissued their hold rating on shares of Ascena Retail Group, Inc. (NASDAQ:ASNA) in a report issued on Thursday.

Several other equities research analysts also recently commented on the stock. B. Riley reiterated a neutral rating on shares of Ascena Retail Group in a research report on Wednesday, November 1st. ValuEngine downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Tuesday, November 7th. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Tuesday, October 17th. Finally, Royal Bank Of Canada set a $3.00 target price on shares of Ascena Retail Group and gave the stock a hold rating in a research report on Saturday, October 7th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $3.50.

Shares of Ascena Retail Group (NASDAQ ASNA) opened at $2.25 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.52 and a debt-to-equity ratio of 2.24. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $8.19. The company has a market cap of $441.02, a P/E ratio of 10.71 and a beta of 1.88.

Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the company earned $0.08 EPS. The firm’s revenue was down 8.5% compared to the same quarter last year. analysts predict that Ascena Retail Group will post 0.23 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC bought a new position in Ascena Retail Group during the 3rd quarter worth approximately $133,000. Virtu KCG Holdings LLC raised its holdings in Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after purchasing an additional 21,823 shares during the last quarter. M&T Bank Corp raised its holdings in Ascena Retail Group by 2.3% during the 2nd quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after purchasing an additional 1,739 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in Ascena Retail Group during the 3rd quarter worth approximately $172,000. Finally, Stevens Capital Management LP raised its holdings in Ascena Retail Group by 230.3% during the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after purchasing an additional 53,622 shares during the last quarter. Hedge funds and other institutional investors own 94.11% of the company’s stock.

Ascena Retail Group Company Profile

Ascena Retail Group, Inc is a specialty retailer of apparel for women and tween girls. The Company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn and Catherines. The ANN segment offers feminine classics and fashion choices, sold primarily under the Ann Taylor and LOFT brands.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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