Ascena Retail Group, Inc. (NASDAQ:ASNA) had its target price reduced by Royal Bank Of Canada from $5.00 to $2.50 in a research report released on Friday, October 6th, Marketbeat reports. Royal Bank Of Canada currently has a sector perform rating on the specialty retailer’s stock.
Several other research firms have also recently issued reports on ASNA. Zacks Investment Research raised shares of Ascena Retail Group from a sell rating to a hold rating in a research report on Monday, September 18th. BidaskClub cut shares of Ascena Retail Group from a sell rating to a strong sell rating in a research report on Wednesday, August 23rd. FBR & Co set a $3.00 price objective on shares of Ascena Retail Group and gave the company a hold rating in a research report on Tuesday, August 15th. Finally, Cowen and Company reissued a market perform rating and issued a $2.00 price objective (down from $6.00) on shares of Ascena Retail Group in a research report on Sunday, June 11th. Three equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Ascena Retail Group has an average rating of Hold and an average price target of $3.50.
Ascena Retail Group (NASDAQ:ASNA) opened at 1.75 on Friday. The stock has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.52. The company’s market capitalization is $335.98 million. Ascena Retail Group has a 52-week low of $1.65 and a 52-week high of $8.19.
Ascena Retail Group (NASDAQ:ASNA) last released its quarterly earnings results on Monday, September 25th. The specialty retailer reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.08. Ascena Retail Group had a negative net margin of 16.05% and a positive return on equity of 3.13%. The firm had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $0.08 EPS. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts forecast that Ascena Retail Group will post $0.17 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Peak Capital Management LLC acquired a new stake in Ascena Retail Group during the second quarter worth about $108,000. BNP Paribas Arbitrage SA increased its position in Ascena Retail Group by 45.7% during the second quarter. BNP Paribas Arbitrage SA now owns 109,379 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 34,295 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in Ascena Retail Group during the first quarter worth about $181,000. Teachers Advisors LLC increased its position in Ascena Retail Group by 3.9% during the first quarter. Teachers Advisors LLC now owns 305,091 shares of the specialty retailer’s stock worth $1,300,000 after purchasing an additional 11,432 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Ascena Retail Group by 93.4% during the second quarter. SG Americas Securities LLC now owns 238,645 shares of the specialty retailer’s stock worth $513,000 after purchasing an additional 115,282 shares during the last quarter. Hedge funds and other institutional investors own 95.59% of the company’s stock.
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.
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