KeyCorp reissued their hold rating on shares of Ascena Retail Group (NASDAQ:ASNA) in a research note published on Thursday, November 16th.
Several other research firms also recently weighed in on ASNA. BidaskClub upgraded Ascena Retail Group from a strong sell rating to a sell rating in a research report on Monday, July 31st. Royal Bank Of Canada decreased their target price on Ascena Retail Group from $5.00 to $2.50 and set a sector perform rating for the company in a research report on Friday, October 6th. Zacks Investment Research upgraded Ascena Retail Group from a sell rating to a hold rating in a report on Monday, September 18th. FBR & Co set a $3.00 price objective on Ascena Retail Group and gave the company a hold rating in a report on Tuesday, August 15th. Finally, ValuEngine downgraded Ascena Retail Group from a buy rating to a hold rating in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $3.36.
Shares of Ascena Retail Group (NASDAQ:ASNA) traded down $0.51 on Thursday, reaching $2.10. 13,136,977 shares of the company’s stock were exchanged, compared to its average volume of 3,205,179. 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 quick ratio of 0.52 and a current ratio of 1.20. The stock has a market cap of $397.90, a price-to-earnings ratio of 11.76 and a beta of 1.96.
Ascena Retail Group (NASDAQ:ASNA) last posted its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. Ascena Retail Group’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. equities research analysts expect that Ascena Retail Group will post 0.23 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Boothbay Fund Management LLC purchased a new stake in Ascena Retail Group in the third quarter valued at approximately $133,000. Virtu KCG Holdings LLC boosted its position 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 valued at $145,000 after buying an additional 21,823 shares during the last quarter. M&T Bank Corp boosted its position 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 valued at $168,000 after buying an additional 1,739 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Ascena Retail Group in the third quarter valued at approximately $172,000. Finally, Stevens Capital Management LP boosted its position 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 valued at $188,000 after buying an additional 53,622 shares during the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.
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About Ascena Retail Group
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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