Ascena Retail Group (ASNA) Price Target Lowered to $2.50 at B. Riley

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.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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