Ascena Retail Group Inc (NASDAQ:ASNA) has earned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $2.60.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub cut shares of Ascena Retail Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 8th. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Finally, B. Riley decreased their price objective on shares of Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating for the company in a research report on Tuesday, March 6th.
Shares of Ascena Retail Group (NASDAQ ASNA) traded up $0.02 during trading on Friday, reaching $2.05. 404,986 shares of the company were exchanged, compared to its average volume of 2,016,407. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. Ascena Retail Group has a 12-month low of $1.65 and a 12-month high of $4.50. The stock has a market cap of $394.35, a PE ratio of -0.37 and a beta of 1.76.
Ascena Retail Group (NASDAQ:ASNA) last announced its quarterly earnings results on Monday, March 5th. The specialty retailer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Ascena Retail Group had a positive return on equity of 2.02% and a negative net margin of 16.52%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company posted ($0.07) earnings per share. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. analysts predict that Ascena Retail Group will post -0.06 earnings per share for the current year.
In other Ascena Retail Group news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $2.33, for a total value of $45,202.00. Following the completion of the transaction, 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 filing with the SEC, which is accessible through this link. Corporate insiders own 8.02% of the company’s stock.
Several institutional investors have recently modified their holdings of ASNA. Teacher Retirement System of Texas raised its stake in shares of Ascena Retail Group by 298.9% in the 4th quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after purchasing an additional 36,884 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Ascena Retail Group in the 3rd quarter valued at about $133,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Ascena Retail Group in the 3rd quarter valued at about $172,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Ascena Retail Group in the 4th quarter valued at about $181,000. Finally, Stevens Capital Management LP raised its stake in shares of Ascena Retail Group by 230.3% in the 3rd quarter. Stevens Capital Management LP now owns 76,907 shares of the specialty retailer’s stock valued at $188,000 after purchasing an additional 53,622 shares in the last quarter. Institutional investors and hedge funds own 91.64% 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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