Ascena Retail Group (ASNA) Upgraded at BidaskClub

BidaskClub upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other research firms have also weighed in on ASNA. Royal Bank Of Canada set a $3.00 price objective on Ascena Retail Group and gave the company a hold rating in a research note on Saturday, October 7th. ValuEngine lowered Ascena Retail Group from a buy rating to a hold rating in a research note on Tuesday, November 7th. B. Riley reaffirmed a neutral rating on shares of Ascena Retail Group in a research note on Wednesday, November 1st. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a research note on Thursday, November 16th. Finally, FBR & Co set a $3.00 price target on Ascena Retail Group and gave the stock a hold rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $3.50.

Shares of Ascena Retail Group (NASDAQ ASNA) opened at $2.61 on Friday. The firm has a market capitalization of $484.14, a P/E ratio of 11.76 and a beta of 1.96. Ascena Retail Group has a 52 week low of $1.65 and a 52 week high of $8.19. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.52 and a current ratio of 1.20.

Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings data on Wednesday, November 29th. The specialty retailer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.10). The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. sell-side analysts forecast that Ascena Retail Group will post 0.23 EPS for the current year.

A number of hedge funds have recently made changes to their positions in ASNA. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group in the third quarter worth $133,000. Virtu KCG Holdings LLC lifted its stake in Ascena Retail Group by 47.8% in the second quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock worth $145,000 after acquiring an additional 21,823 shares during the period. M&T Bank Corp lifted its stake in Ascena Retail Group by 2.3% in the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock worth $168,000 after acquiring an additional 1,739 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in Ascena Retail Group in the third quarter worth $172,000. Finally, Stevens Capital Management LP lifted its stake in Ascena Retail Group by 230.3% in the third quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock worth $188,000 after acquiring an additional 53,622 shares during the period. 95.06% of the stock is 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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