BidaskClub upgraded shares of Ascena Retail Group (NASDAQ:ASNA) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
Several other brokerages have also recently issued reports on ASNA. ValuEngine cut Ascena Retail Group from a buy rating to a hold rating in a report on Tuesday, November 7th. Zacks Investment Research cut Ascena Retail Group from a hold rating to a sell rating in a report on Wednesday, December 6th. B. Riley reaffirmed a neutral rating on shares of Ascena Retail Group in a report on Wednesday, November 1st. KeyCorp reissued 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 objective on Ascena Retail Group and gave the stock a hold rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus price target of $2.75.
Shares of Ascena Retail Group (NASDAQ ASNA) opened at $2.20 on Wednesday. Ascena Retail Group has a twelve month low of $1.65 and a twelve month high of $5.43. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.36 and a quick ratio of 0.55. The stock has a market capitalization of $435.21, a PE ratio of -0.40 and a beta of 1.93.
Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, December 4th. The specialty retailer reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. Ascena Retail Group had a positive return on equity of 2.50% and a negative net margin of 16.39%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. research analysts anticipate that Ascena Retail Group will post 0.15 EPS for the current fiscal year.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 19,400 shares of the business’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $2.33, for a total transaction of $45,202.00. Following the sale, the director now directly owns 108,957 shares of the company’s stock, valued at $253,869.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of ASNA. Towle & Co. increased its stake in Ascena Retail Group by 92.2% during the fourth quarter. Towle & Co. now owns 8,368,610 shares of the specialty retailer’s stock worth $19,666,000 after acquiring an additional 4,015,210 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Ascena Retail Group by 14.5% during the second quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock valued at $35,763,000 after buying an additional 2,101,044 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ascena Retail Group by 12.4% during the second quarter. Dimensional Fund Advisors LP now owns 14,899,897 shares of the specialty retailer’s stock valued at $32,035,000 after buying an additional 1,647,310 shares during the last quarter. Okumus Fund Management Ltd. bought a new position in shares of Ascena Retail Group during the third quarter valued at approximately $2,227,000. Finally, Renaissance Technologies LLC grew its stake in shares of Ascena Retail Group by 1,559.1% during the fourth quarter. Renaissance Technologies LLC now owns 960,600 shares of the specialty retailer’s stock valued at $2,257,000 after buying an additional 902,700 shares during the last quarter. 95.23% 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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