Ascena Retail Group (NASDAQ:ASNA) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of (0.12)-(0.07) for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have weighed in on ASNA shares. BidaskClub downgraded shares of Ascena Retail Group from a buy rating to a hold rating in a report on Thursday, March 8th. Zacks Investment Research downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a report on Wednesday, March 7th. B. Riley cut their price target on shares of Ascena Retail Group from $3.00 to $2.50 and set a neutral rating for the company in a report on Tuesday, December 5th. Finally, ValuEngine downgraded shares of Ascena Retail Group from a hold rating to a sell rating in a report on Friday, March 9th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $2.60.
ASNA stock traded down $0.08 during mid-day trading on Thursday, reaching $2.01. 8,184,357 shares of the stock traded hands, compared to its average volume of 1,989,812. 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 52-week low of $1.65 and a 52-week high of $4.50. The firm has a market capitalization of $398.27, a PE ratio of -0.36 and a beta of 1.76.
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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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