Ascena Retail Group (NASDAQ:ASNA) had its target price dropped by analysts at B. Riley from $3.00 to $2.50 in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. B. Riley’s target price suggests a potential downside of 4.21% from the company’s current price.
Several other research analysts have also commented on ASNA. BidaskClub upgraded shares of Ascena Retail Group from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada reduced their price objective on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 6th. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research upgraded shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Ascena Retail Group in a research note on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.36.
Shares of Ascena Retail Group (ASNA) opened at $2.61 on Tuesday. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The company has a market cap of $484.14, a PE ratio of 11.76 and a beta of 1.96.
Ascena Retail Group (NASDAQ:ASNA) last posted its quarterly earnings results on Monday, December 4th. The specialty retailer reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. 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 $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. sell-side analysts expect that Ascena Retail Group will post 0.23 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in ASNA. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group during the 3rd quarter worth approximately $133,000. Virtu KCG Holdings LLC grew its position 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 grew its position 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. purchased a new stake in Ascena Retail Group during the 3rd quarter worth approximately $172,000. Finally, Stevens Capital Management LP grew its position 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. 95.06% of the stock is currently owned by institutional investors.
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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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