Shares of Ascena Retail Group Inc (NASDAQ:ASNA) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.17.
A number of research analysts have recently issued reports on ASNA shares. BidaskClub raised Ascena Retail Group from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research lowered Ascena Retail Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. B. Riley dropped their target price on Ascena Retail Group from $2.50 to $2.00 and set a “neutral” rating on the stock in a report on Tuesday, March 6th. Finally, ValuEngine raised Ascena Retail Group from a “sell” rating to a “hold” rating in a report on Monday, April 2nd.
Several institutional investors have recently bought and sold shares of ASNA. Jane Street Group LLC boosted its stake in shares of Ascena Retail Group by 384.8% in the first quarter. Jane Street Group LLC now owns 55,647 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 44,168 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Ascena Retail Group by 298.9% in the fourth quarter. Teacher Retirement System of Texas now owns 49,225 shares of the specialty retailer’s stock valued at $116,000 after buying an additional 36,884 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of Ascena Retail Group by 201.0% in the first quarter. MetLife Investment Advisors LLC now owns 84,485 shares of the specialty retailer’s stock valued at $170,000 after buying an additional 56,415 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Ascena Retail Group in the fourth quarter valued at approximately $181,000. Finally, Wedge Capital Management L L P NC boosted its stake in shares of Ascena Retail Group by 28.6% in the first quarter. Wedge Capital Management L L P NC now owns 136,858 shares of the specialty retailer’s stock valued at $275,000 after buying an additional 30,417 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.
Shares of Ascena Retail Group traded down $0.15, reaching $4.25, during trading on Monday, MarketBeat Ratings reports. The company had a trading volume of 10,262,457 shares, compared to its average volume of 4,352,113. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.28 and a quick ratio of 0.57. Ascena Retail Group has a fifty-two week low of $1.69 and a fifty-two week high of $4.74.
Ascena Retail Group (NASDAQ:ASNA) last released its earnings results on Wednesday, June 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.47 billion. Ascena Retail Group had a negative return on equity of 1.08% and a negative net margin of 1.37%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. analysts forecast that Ascena Retail Group will post -0.06 earnings per share for the current year.
About Ascena Retail Group
Ascena Retail Group, Inc, through its subsidiaries, operates as a specialty retailer of apparel, shoes, and accessories for women and tween girls in the United States, Canada, and Puerto Rico. The company operates through six segments: ANN, Justice, Lane Bryant, maurices, dressbarn, and Catherines. It creates, designs, and develops a range of merchandise, including apparel, accessories, footwear, and intimates; lifestyle products comprising cosmetics and bedroom furnishings; and wear-to-work, sportswear, footwear, and social occasion apparel.
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