Ascena Retail Group, Inc. (NASDAQ:ASNA) Downgraded to Hold at ValuEngine

Ascena Retail Group, Inc. (NASDAQ:ASNA) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Tuesday, November 7th.

ASNA has been the subject of several other research reports. Zacks Investment Research cut shares of Ascena Retail Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada cut their target price on shares of Ascena Retail Group from $5.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 6th. BidaskClub upgraded shares of Ascena Retail Group from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Finally, KeyCorp reiterated a “hold” rating on shares of Ascena Retail Group in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.50.

Ascena Retail Group (NASDAQ:ASNA) traded down $0.04 during trading hours on Tuesday, hitting $2.15. 820,115 shares of the company were exchanged, compared to its average volume of 1,870,000. Ascena Retail Group has a 1 year low of $1.65 and a 1 year high of $8.19. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.20 and a quick ratio of 0.52. The stock has a market cap of $421.42, a PE ratio of 10.24 and a beta of 1.87.

Ascena Retail Group (NASDAQ:ASNA) last issued its earnings results on Monday, September 25th. The specialty retailer reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.08. The business had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.57 billion. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 earnings per share. equities analysts predict that Ascena Retail Group will post 0.23 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in ASNA. Peak Capital Management LLC bought a new position in shares of Ascena Retail Group during the second quarter worth about $108,000. Boothbay Fund Management LLC bought a new position in shares of Ascena Retail Group during the 3rd quarter valued at about $133,000. Virtu KCG Holdings LLC boosted its position in shares of Ascena Retail Group by 47.8% during the 2nd quarter. Virtu KCG Holdings LLC now owns 67,465 shares of the specialty retailer’s stock valued at $145,000 after purchasing an additional 21,823 shares in the last quarter. M&T Bank Corp lifted its stake in Ascena Retail Group by 2.3% during the second quarter. M&T Bank Corp now owns 78,184 shares of the specialty retailer’s stock valued at $168,000 after buying an additional 1,739 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Ascena Retail Group during the third quarter valued at about $172,000. Institutional investors and hedge funds own 94.11% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ascena Retail Group (NASDAQ:ASNA)

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