Ascena Retail Group (NASDAQ:ASNA) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of (0.12)-(0.07) for the period, compared to the Thomson Reuters consensus estimate of $0.06. The company issued revenue guidance of $1.48-1.52 billion, compared to the consensus revenue estimate of $1.49 billion.
A number of brokerages recently weighed in on ASNA. BidaskClub downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a research report on Thursday, March 8th. Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Wednesday, March 7th. KeyCorp reaffirmed a hold rating on shares of Ascena Retail Group in a research report on Thursday, November 16th. B. Riley lowered their price objective on shares of Ascena Retail Group from $3.00 to $2.50 and set a neutral rating for the company in a research report on Tuesday, December 5th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a research report on Friday, March 9th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $2.60.
Ascena Retail Group (NASDAQ ASNA) traded down $0.01 during midday trading on Wednesday, reaching $2.02. 1,163,853 shares of the company’s stock traded hands, compared to its average volume of 2,020,171. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $4.50. The company has a current ratio of 1.29, a quick ratio of 0.64 and a debt-to-equity ratio of 2.26. The company has a market cap of $398.27, a PE ratio of 22.56 and a beta of 1.76.
In other news, Director Krill Katherine Lawther sold 19,400 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 108,957 shares of the company’s stock, valued at approximately $253,869.81. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.02% 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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