Ascena Retail Group (NASDAQ:ASNA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, February 14th.
Other equities analysts also recently issued research reports about the stock. B. Riley reissued a “neutral” rating on shares of Ascena Retail Group in a research note on Wednesday, November 1st. FBR & Co set a $3.00 target price on shares of Ascena Retail Group and gave the company a “hold” rating in a research note on Tuesday, October 17th. KeyCorp reaffirmed a “hold” rating on shares of Ascena Retail Group in a report on Thursday, November 16th. Zacks Investment Research raised shares of Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Finally, ValuEngine lowered shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating and eleven have given a hold rating to the company. Ascena Retail Group presently has an average rating of “Hold” and an average target price of $2.75.
Ascena Retail Group (NASDAQ ASNA) opened at $2.29 on Wednesday. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $5.18. 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 $441.09, a PE ratio of -0.41 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 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.11. Ascena Retail Group had a negative net margin of 16.39% and a positive return on equity of 2.50%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $0.18 EPS. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. equities research analysts forecast that Ascena Retail Group will post 0.15 EPS for the current year.
In related news, Director Krill Katherine Lawther sold 19,400 shares of the firm’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $2.33, for a total transaction of $45,202.00. Following the completion of the sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.02% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Ascena Retail Group by 2.5% during the 4th quarter. BlackRock Inc. now owns 22,179,752 shares of the specialty retailer’s stock worth $52,123,000 after acquiring an additional 538,101 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ascena Retail Group by 14.5% during the 2nd quarter. Vanguard Group Inc. now owns 16,634,350 shares of the specialty retailer’s stock worth $35,763,000 after acquiring an additional 2,101,044 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Ascena Retail Group by 12.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,899,897 shares of the specialty retailer’s stock worth $32,035,000 after acquiring an additional 1,647,310 shares in the last quarter. Towle & Co. grew its holdings in Ascena Retail Group by 92.2% during the 4th 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 in the last quarter. Finally, Sapience Investments LLC grew its holdings in Ascena Retail Group by 2.2% during the 4th quarter. Sapience Investments LLC now owns 6,019,825 shares of the specialty retailer’s stock worth $14,147,000 after acquiring an additional 128,580 shares in the last quarter. 98.92% of the stock is owned by institutional investors and hedge funds.
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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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