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.
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